Potential pump incoming as price breaks out at transition point and flips pattern to support.
Current resistance can be seen at 2100 with critical along LT trendline; next estimated breakout point is indicated by the arrow.
Critical support will be held at 2k and another dip to this level would likely send us below.
Based on recent PA, the indicated LT trendline could act as a ST average for a new/ST bullish cycle if this was ever to occur.
Cycle test zone (purple) would then be considered the high for the ST cycle while remaining as average for LT.
Current resistance can be seen at 2100 with critical along LT trendline; next estimated breakout point is indicated by the arrow.
Critical support will be held at 2k and another dip to this level would likely send us below.
Based on recent PA, the indicated LT trendline could act as a ST average for a new/ST bullish cycle if this was ever to occur.
Cycle test zone (purple) would then be considered the high for the ST cycle while remaining as average for LT.
