I was taught that when the price makes a false breakout from a channel, the price will retest the other side of the channel.
In this moment the price is not diverging(on this TF) and more downside looks promising.
I expect also a false breakout from the big channel/big fib level before continuing to the upside.
The green path drawn on the chart is a little exaggerated(but not impossible)
Crypto is not my happy place so don't believe what I'm saying :)
In this moment the price is not diverging(on this TF) and more downside looks promising.
I expect also a false breakout from the big channel/big fib level before continuing to the upside.
The green path drawn on the chart is a little exaggerated(but not impossible)
Crypto is not my happy place so don't believe what I'm saying :)
