The daily chart is forming a falling wedge pattern. Price is still trading within an ascending channel pattern. We are fighting with previous RANGE HIGH right now. There is an Aqua Box to support the price in case we fall. Closing above the RANGE HIGH and we got a chance to break the falling wedge pattern and trade higher.
We can see three H&S Patterns so far and a pullback from distribution range, Expecting it to visit the grey box towards $12 which will act as head of the pattern for reversal.
Bitcoin recently met its major resistance 52k zone and now I am hoping for price to meet 58k area and crash from there to 36-38k zone and make a super bounce towards 90-120k levels.
BINANCE:ICPUSDT
Daily Timeframe
Line T is showing an uptrend.
Line B resistance flipped to support.
Line X is next resistance and Line M is a major resistance.
Aqua Box is now acting as a major support area.
Golden Ratio is sitting exactly near Line M. So, We will take full profit there.
I am going long on $BAND
- Consolidating in a range since Feb.
- Currently sitting in a range low area.
- Reversal on 4H chart.
- 0.618 to 0.5 on fib level.
- Tested 200EMA on Daily
$ETC
After a massive rally last week, It retraced to 0.618 fib level and bounced off MA100 support.
As it is breaking out I would like to see establish support near POC area, to claim the above levels.
