Alkyl amine which has been on a downtrend finally seems to have bounced back on its weekly and daily timeframe
Weekly timeframe shows -
1. Support from 50EMA
2. 38% Fibbonaci level support
3. Dragonfly Doji in making
Daily Timeframe shows back-to-back bullish candles on the previous support zone.
Trade with caution
BTCUSDTPERP shows the pending correction as done and it can be gearing up for a rally till 70k now, risk-takers can buy at 23% rejection where a bullish candle forms with good volumes with 38% levels as stop loss and 70k as target ensuring a 1:2 RR.
BTC to 70k can become real by Christmas with such movement although some corrections seem pending a movement till 67-68k seems to be a short achievable goal.
reason to consider this pennant pattern as a valid one -
2. Good hourly consolidation
3. High ADX
4. Good Volumes