We can see an inverted cup and handle forming. This means we will have a short upward pressure before it breaks our support line and goes down.
PS: This is just how I read the chart so don't take anything for granted. Feedback is always welcome ;)
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Touched support line
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Broke support line
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We are now on our way to the next target which is the first blue line T1
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My apologies, I set my first target a bit too low. Here is a chart with the new target. Which got hit. If it drops below we will see it go to the second target.
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This btc crash pushed us to our 3rd target. Small/short downtrend and then we will see it go back up.