This chart is the basis of all cryptocurrencies. If this graph goes up, all cryptocurrencies will go up. Same thing if this graph drops. The main difference is that some cryptocurrencies are more or less volatile. Example BTC = little volatile while QNT , SOL, SAND... are considered extremely volatile
Resistance and support lines were defined using Fibonacci retracement .
By using the Fibonacci retracement at the next pivots , it is possible to identify how far the value of this chart can stretch until the end of the year. As long as you are following the respective parabola, it means that the graph is still valid.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.