Following a 80% correction since the giddy heights of April 2021 a number of reasons now exist to be bullish on price action with the above 2-day chart. They include:
1) A ‘incredible buy’ signal prints. Look left!
2) Regular bullish divergence. 8 oscillators are currently printing bullish divergence.
3) similar story on the 2-day BTC pair (below)
Is it possible price action falls further? For sure.
Is it probable? Unlikely.
Good luck!
Ww
2-day BTC pair
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** life cross ** pints on the daily chart on the BTC pair.
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On the BTC pair price action is up 70% since publishing - continues to look very strong.
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resistance breakout, a significant move should print soonish
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Price action on the weekly is close to breakout on the falling wedge. When that happens a 20 cent target is forecast.
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Past resistance confirmed as support.
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Say what you want about this token, it has been a steady Eddie for the last 4-5 months.