As we touched the mentioned level at the exact point ant time, now it is time to go up. The target is 56 k. Ser you there.
The price is expected to bounce from 8300. Let’s see what happens.
As mentioned before, price could not hold above 1921 and now we can say that it is a local top and a definite resistance. Downward movement is expected .
My forecast for the biggest DEFI project. Still there is space to find the bottom I believe. Do your own research before making any decisions and if this is DEFI do more research and think twice before you invest.
I expect the last wave to reach +300 USDT in 12 months.
As the US elections are approaching we might see a last leg up followed by a long downward trend shown in the chart based on fib. levels.
If the price does not break 1921 and stay above, most prpbably this previous support will turn into strong resistance and will be the local top, which will initiate sells and take us down to 1770.
Fake breakout of triange Lets touch the bottom then...
Summer approaching with sunrays killing more of Covid 19, which will bring hope to markets, which is not good for gold. Daily MA50 holds the price, the next is MA100(brown), and then MA200 (red) where partial demand lies. RSI trend broken as well. Watch out for a small jump and take your chances...