EmrahA
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Uptrend and downtrend fibo channels can be seen in the chart. There are three possible scenarios that must be followed according to the monthly closes. Right now price is in the uptrend support. If this line breaks this month and holds under, it could be a disaster for Solana. But no proper retest of the upper uptrend fibo channel line may suggest price going up in the upcoming months for retesting.Monthly close above the red fibo trendline will make the price go to the upper green fibo line.Monthly close above the red fibo trendline happened. Next target is 60 (the upper green fibo line) now.FIB 0.5 still pending.
A possible scenario for Ripple if Fib support line holds the price.
Doge needs to go higher to make new lows that will trigger a proper bull run.
Fib channel shows current support and resistance trend lines. Price first rejected by Fib 0.618 line and rejected two times by Fib 0.5 line. There are three possible scenarios technically and price going to 1500 levels more possible. Monthly and 3 Months closings must be followed.Gold is in a manipulation phase. It will have a sharp fall to red fib support in the coming months. Monthly close below fibo line and no proper retest of red fib line strongly suggests this idea.I'm the one manipulated on this one :)
LTC needs to test the Fib 1 support line first. If Fib 1 line holds the price (No monthly close below) then it will go the the upper line again.
BTC has not yet properly tested upper Fib 0.618 trend line. So it could go down to the Fib 0.786 supportive trend line and then go to the Fib 0.618 resistance trend line or it could directly go the Fib 0.618 trend line after a consolidation in the current price. Our support and resistance lines are pretty clear.Bitcoin is close to retesting the uptrend as stated earlier. Monthly close above the upper trendline will make the price go higher. But rejection is more possible.Monthly closed above FIB 0.618. Next target is FIB 0.5
Chart says it all. We have 11 days for monthly close. Which direction would you prefer ?
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