Inverse Head and Shoulders Pattern forming.
We just hit resistance level so we are expecting a bounce up and consolidate near the 100 Ema (pink).
I do not expect the market to go bullish in the long term but I do expect a consolidation process that will last around 12 to 15 months where the price will oscillate between the $5k to $8k.
We just hit resistance level so we are expecting a bounce up and consolidate near the 100 Ema (pink).
I do not expect the market to go bullish in the long term but I do expect a consolidation process that will last around 12 to 15 months where the price will oscillate between the $5k to $8k.