In the weekly timeframe, the pattern of cups and handles and with the defeat of its resistance line and pullback, the upward trend has started again, of course, taking into account the bitcoin conditions.
In growth, expect to climb to the size of the handle and then to the size of the cup itself. Therefore, the first resistance is 0.078 and the second resistance is 0.0948.
If we want to look at the chart in daily time frame, higher targets can also be seen.
First, we draw a yellow trend line, which if the fall fails, we have the main yellow trend line, and if the trend fails, it will change from ascending to falling. So it is better to pay attention to it.
If we draw a TREND-Based FIB on the previous wave. Again, 0.094 The important resistance in Fibo resistance is 1.618 and in case of failure 0.1368 is the next resistance. 0.2 My last target is in this currency.
tp 1 0.078
tp 2 0.094 *****
tp 3 0.1368
tp 4 0.199
rr 6.22
sl 0.0233
In growth, expect to climb to the size of the handle and then to the size of the cup itself. Therefore, the first resistance is 0.078 and the second resistance is 0.0948.
If we want to look at the chart in daily time frame, higher targets can also be seen.
First, we draw a yellow trend line, which if the fall fails, we have the main yellow trend line, and if the trend fails, it will change from ascending to falling. So it is better to pay attention to it.
If we draw a TREND-Based FIB on the previous wave. Again, 0.094 The important resistance in Fibo resistance is 1.618 and in case of failure 0.1368 is the next resistance. 0.2 My last target is in this currency.
tp 1 0.078
tp 2 0.094 *****
tp 3 0.1368
tp 4 0.199
rr 6.22
sl 0.0233