Downward Channel to $1 Support Line / Idea on Entry Level

22 במאי 2021

With the whole market falling there seems to be a quite regular Downard channel forming. If this channel continues, it will eventually hit the $1 resistance line (green line). My thought is that it will bounce there. How high? I have no idea. Maybe it will go to the $2.2 level as suggested by financialflagship. The support line aligns with their analysis (linked). A possible entry point could be the 1 Fibonacci level at USDT 1.08.