It does not have a complex technical and is clear in the image (dynamic resistance line and price action levels).
The correction seems to have ended in a triangular pattern.
Now in wave 5 of the Cycle degree, wave 3 is of the Primary degree and wave 3 is of the Minor degree.
I think speculators will be thinking of selling in this range.
The symbol seems to repeat similar cycles. A strong growth, a corrective swing, continue in a channel and then the trading range. The cycle ends as the weekly moving average approaches and crosses the trading range.
A sell position, or the break of a long-term support line? It is determined by waiting and watching! But betting on break and amazing growth is so much more exciting.
With the breakout of the $ 58,000 level, the potential to grow to the $ 72,000 level is likely. However, losing the $ 53,000 support level is also significant. A break in that level would probable push the price up to $ 44,000.
It seems to be attractive to take a sales position (commensurate with its low risk).
It seems to have pullback on the broken level.
Theron seems to have a certain price behavior to classical static levels.
The image is illustrative. I think the range of 1.7 to 2 will be in demand.