We can see that it created a cup shape and will create a handle, so if it breaks out above 38,461$ and RSI (14) crosses over 50, we may look for a target of 46,358$ or higher. However, if it continues to decline and gives a breakout below 36106$, we may anticipate it to fall to a target of 33,123$ or below.
Levels
Level 1: 38,461$ – Breaks, then uptrend to 46,358$.
Level 2: If 38,461$ is sustained and breaks 36,106$ we can aim for 33,123$.
Levels
Level 1: 38,461$ – Breaks, then uptrend to 46,358$.
Level 2: If 38,461$ is sustained and breaks 36,106$ we can aim for 33,123$.