There is a bullish flag formng. It should drop to the line shown in the chart. If it breaks out below the flag, then it might drop all the way to around $33 dollar range. If it does break out, it will attempt to break resistance at around 55
Kommentera:
Currently on target... Watch for price action around 38 and 37 dollars
Kommentera:
Sorry its between 36 and 38
Kommentera:
I dont suggest going long on any crpyto right now. Ill be waiting until after August 1st and when i see a sign of recovery. It is not worth risking your money "hoping" that it hit a bottom.
Kommentera:
Anyone that entered the trade when it hit the bottom, congrats. Otherwise, there will be more opportunities closer to and after August 1st. I didn't participate in the trade.
I don't think it will hit above 50.
I don't think it will hit above 50.