Many of the analysts considered the last pattern as a pennant instead of a channel. The disadvantage of considering it as pennant was that buyers were trapped when it looked to have broken upside. But, in true nature ( given by D wave system) it was a channel and we were able to sell right from upper boundary.
Now this being a bearish channel and signs of breakdown, we expect a further crash in compliance with our original idea from ATH zone.
This is not a financial advice.
Now this being a bearish channel and signs of breakdown, we expect a further crash in compliance with our original idea from ATH zone.
This is not a financial advice.
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A correction towards 65k zone being reported by the system. price now 63914
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sorry type mistake. a correction towards 67k
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The analysts who considered the pattern as a pennant must have confirmed the breakdown of the pennant. A correction or retest comes here and then a continuation of the breakdown.