I wouldn't be surprised if it falls back to the red . I want to see lower and the pattern alongside the blue is corrective
Before you jump in this trade, wait for clear confirmation.
Clear breakout would be breaking the upper blue . My advice is to wait for that or wait till it goed lower for a new try later.
Target: blue zone, based on Fibonacci extensions. That would be 3rd leg out of 5 legs up. Target for 5th leg will be determined in next updates.
If you want to open a trade, make sure the price doesnt fall back below the trendline. We should see some consolidation before going up
Look at these identical patterns. Watch price action in blue box.
Due to the BTC bullrun, it looks as if it will make a deep correction.
First possible target based on Fibo: