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Crypto Sapiens
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Bullish
$USUAL What could be the next step? Let's see!
The chart shows 4 likely scenarios.
1 - Continue to break the resistance of 1.11 and continue to rise.
2 - Seek support at the bottom of the wedge at 1.06 and then rise to the top again at 1.10.
3 - After reaching the top at 1.10, it will break the upper line of the wedge and consolidate an ascent towards 1.20.
4 - Falling below the support of 1.06 will imply a new fall to the support of 1.04.
The most likely?
Depending on the trading volume, it will break the upper line at arrow 1. The second hypothesis is to follow arrows 2 and 3. Arrow 4 is the least likely, as Usual has already come from a large correction and I see no room for further decline.
Do your own research, stay alert and manage the risk of your capital.
The chart shows 4 likely scenarios.
1 - Continue to break the resistance of 1.11 and continue to rise.
2 - Seek support at the bottom of the wedge at 1.06 and then rise to the top again at 1.10.
3 - After reaching the top at 1.10, it will break the upper line of the wedge and consolidate an ascent towards 1.20.
4 - Falling below the support of 1.06 will imply a new fall to the support of 1.04.
The most likely?
Depending on the trading volume, it will break the upper line at arrow 1. The second hypothesis is to follow arrows 2 and 3. Arrow 4 is the least likely, as Usual has already come from a large correction and I see no room for further decline.
Do your own research, stay alert and manage the risk of your capital.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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