No guarantee it ont go back below the neckline once or even twice or thrice before the real breakout as such things are common, however it definitely looks like this current breach above the enckline could be the one that ends up validating. The breakout target once it validates is $171. *not financial advice*
Note
Watch for the orange line (50ma) to rise above the yellow line(100ma) and then to sustain that order for quant to kick into full bull mode. Usually when digital assets see their most bullish gains is when all 4 MAs listed here (20, 50, 100, and 200) are in numerical order 20 on top and 200 on the bottom.Note
Once the 50ma rises above the 100ma they will all be in their most bullish order.Note
This pattern has been nullified. Very rare you see this happen to a bullish pattern in a bullish macro market phase but here is proof that it does still happen.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.