If eth breaks below the trendline it will touch the fair value gap at 1157. There is also a resistance created by the previous highs.
Entry: break below the trendline
Stop loss: just above the previous high
1. possibility:
BTC continues to move down as it gets rejected by the trendline and key levels.
Possible bottoms:
1) -0.382 fib level (12219)
2) -0.5 fib level (10550)
3) even lower points, some even say 3k
2. possibility:
BTC breaks the June 2022 big drop trendline, breaks key fib levels and visits the moon. 100k? 150k? 200k??? Who knows...
Enjoy the show!
Be...
If bitcoin continues to go sideways, as it has for the past 2 weeks, it will eventually hit the trend line (all time high, november 2021). It will bounce off and dump to the -0.382 or the -0.5 level as those were the previous levels in the past.
We can see that LUNA is meeting a resistance (purple trendline). I reckon it will continue to respect the downtrend and break below the cyan trendline. If that happens LUNA will test the bottom of the move, 2.15
ETH broke the green trendline and is getting close to a fib arc level. Every time ETH touches a fib arc a big move happens. This time it will test the bottom of the move (880)
Btc will break the smaller wedge(marked in teal), it will retest the previous low (the bottom line marked in white), which is also a bottom of a much bigger 4h wedge (marked in blue).
