This is an extension post about my previous idea that was well received. I’ll post the initial idea down below as a related idea, for easy reading.

The bear pattern seems to be broken, it’s following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of Fibonacci is our goal, that would be exactly $310.
That said, it would indeed be a good time to buy if you would follow this idea.

The idea is that we’ll see another long triangle stretch of a variation of a bullish falling wedge, that is if we break through the current bear pattern (which we just broke through as we speak).

As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness.
We’re still in the phase of resistance, the very first step into the journey of acceptance. Google it, it’s worth a read and applies to many concepts like crypto.

Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking.
Banks and governments will ultimately have to bend and shape into the new era of digital economy, you see this happening everywhere.

Let me know what you think, thanks for reading.
Thumbs up to this post are sincerely appreciated.

~ Murkemur