Saitama Inu => possible scenario following weeks
Hello,
We all waiting for Saitamask to drop last weekend. But Nothing happens So the Market retrace to the level between 50 % and 61.8% ( using Fibonacci). CHeck the graph
We are actually in a big range between the two big green rectangle I identify.
If the prices break the rectangle above => Huge acceleration of the market => Price will go test the ATH
if prices break the green rectangle below => not good => we are entering in a bearish Trend =>
The biggest indicator for the bullish trend is the black line and the rectangle yellow, draw on the left side, indeed if the Chikou Span break above the yellow rectangle => and is out of the cloud ( the big red thing) => BULLISH MARKET IS ON
But remember there is always a correction and testing before continuing.
Lets see what the market will do the following weeks
Remember one things, if SAITAMASK DROP => WE ARE ENTERING IN A BULLISH MARKET AND ARE SUSCEPTIBLE TO BREAK THE FIRST RESISTANCE EASILY AND GOING TO TEST THE ATH
But I suspect a huge correction when the price reach ATH
We all waiting for Saitamask to drop last weekend. But Nothing happens So the Market retrace to the level between 50 % and 61.8% ( using Fibonacci). CHeck the graph
We are actually in a big range between the two big green rectangle I identify.
If the prices break the rectangle above => Huge acceleration of the market => Price will go test the ATH
if prices break the green rectangle below => not good => we are entering in a bearish Trend =>
The biggest indicator for the bullish trend is the black line and the rectangle yellow, draw on the left side, indeed if the Chikou Span break above the yellow rectangle => and is out of the cloud ( the big red thing) => BULLISH MARKET IS ON
But remember there is always a correction and testing before continuing.
Lets see what the market will do the following weeks
Remember one things, if SAITAMASK DROP => WE ARE ENTERING IN A BULLISH MARKET AND ARE SUSCEPTIBLE TO BREAK THE FIRST RESISTANCE EASILY AND GOING TO TEST THE ATH
But I suspect a huge correction when the price reach ATH