Enough reason for bulls to buy, enough reason to manage risk tightly. The 3 day is giving a good overall view of my multi frame analysis currently, so here's a new idea. Key areas under the 29.7k support are 26.3s, 18.9s and 13.8s. Ideally from here we can land a 38k+ monthly close, otherwise the downside path remains a high enough possibility.
58-60k area to be tested, if we can close a weekly over 60.2k we're set for a new ATH Enjoy!
Accurate waves are typically not my strength, so let's see how this goes.
Here we can see some range play happening just under resistance on the weekly chart, this has been great for alts but we will likely see a shift in dominance once the range ends. I've not put a direction on this as I'm seeing concerning signs on the monthly, but this weekly looks a chance to breakup with a bullish engulfing just under resistance as the range...