After the breakthrough of the downward channel, the price movement has been reversing potentially forming a bull flag. This would be great news for BTC as it would be followed by another major pump. I doubt, that it will already be enough to break the 41k-42k resistance are, but we might at least get into the 42k area. A potential entry point would be at the...
ADA/BUSD
This is the yearly chart with 4h candles. Very quickly I noticed a few significant pumps followed by a descending curve. Even the latest big correction we had has followed this pattern to a certain degree.
Basically, the price pumps around 40% on average and then starts slowly falling again. I noticed that all of those curves have three significant lows...
BTC has moved in a quite consistent parallel downward channel over the last few weeks. The top and bottom lines were tested a few times. The middle line marked the beginning of the channel and acted as a resistance and support line a few times as well. I've circled the times the price has bounced of those three lines.
If BTC stays within this channel we might...
With the whole market falling there seems to be a quite regular Downard channel forming. If this channel continues, it will eventually hit the $1 resistance line (green line). My thought is that it will bounce there. How high? I have no idea. Maybe it will go to the $2.2 level as suggested by financialflagship. The support line aligns with their analysis (linked)....
