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These lines let me assume that there is an upward trend (rising channel) since 5th April.
The horizontal lines indicate resistance / support and if the price continues in the rising channel then it will soon break through the 350$ resistance that we are following now for quite some time.
Any thoughts on my analysis? It's my first one
After a bit of price discovery a new pattern is forming.
Even though I was foreshadowing the last outbreak out of the price range I was a little bit to conservative on price potential. With the new pattern I do think 450 - 490$ is plausible.
That would be quite a big jump, yes. But we already have the momentum with the last outbreak being not long ago and it would land in the range of 1 - 2 moths before ATH.
positive indicators:
& mostly the general feeling
my feels say it would have potential to go above the described range, let's see in a week.
