We are about to breakdown a Rising Wedge, the target would be exactly the bottom of this possible bearish pennant in early formation at $32,100 and the target after for the bearish pennant breakdown could be exactly in the strong support line (you can clearly see it in daily chart or here if
you follow the orange line at $22,500 and see it yourself) this is a very possible scenario from now till June 2021 and it all makes a lot of sense to me and matches, remember we are bellow the 21 EMA in weekly chart and we could see a bearish scenario for a couple of Months before the real bull run start.
you follow the orange line at $22,500 and see it yourself) this is a very possible scenario from now till June 2021 and it all makes a lot of sense to me and matches, remember we are bellow the 21 EMA in weekly chart and we could see a bearish scenario for a couple of Months before the real bull run start.