Are you ready for what is coming? Always look for BTCUSD pair to know where the market is heading.
We broke out of the descending channel. Due to BTC, the trend turned against the #Shibarmy. Further development depends on the general market sentiment. Watch out for BTCUSDT.
* Bearish break down out of the channel * Failed retest. These are usually signs of weakness.
The current support and resistance lines in the logarithmic chart as we are above the weekly 200 MA again.
The support area of 2.80 is yet holding. Next support area would be around 2.50 $.
Will serve us will as long as bitcoin stays stable.
See the chart. Next target point on the weekly chart: ~40k. Keep in mind: weekly RSI is over 90. Good luck!
See the chart. My TPs: #1: 1.95 #2: 2.30 #3: 2.65 #4: 3.10 #5: 3.80 Good luck!
Expecting a big move in the coming two months. Let's wait and see if the bullish wave starts soon.
This is just an idea from a dude on the internet; The chart says it all. Breakout of the bearish pattern. We just had a test on the previous resistance acting as support now. Well it kinda looks like it. I dont know the future but I have taken a long position. Trade the USDT pair and always trade with a SL! Good luck.