Impatience may drive us to bounce back from 7.9k and go through the so-very-much-awaited 10k with small resistance(kissing 9.7k again) before lifting to 11.5k ,where stronger resistance will be felt,driving us back to 10k again and going further to 12.8k . We may not even experience strong resistance up until 16k because of the huge amount of...
Strong support lines/res lines/trendlines at those areas.
Breakout possible on daily , but weekly looks bearish.
price action is pretty obvious on the chart itself forming wedges channel supports respected
forming wedge big seloff from yesterday, a nice exhaustion candle
A. Either we hit 5400-5500 at the end of february and we bounce back to 9200 B. We tank more mid of march to around 4000-3500 (3500 sounds very delicious and having so much people waiting for the bounce i bet that 5000 is going to be a buying call for everyone) P.S. I know that it is oversold, but it does not guarantee anything for now. It's been like this...