I've highlighted the Resistance lines in Yellow to make them more visible. We've got support at $37,300 which we could see either a sideways consolidation through the month or create a Head & Shoulders.
Which would cause us to break the $37,300 support line & drop down to the previous low of $30,000 as we head into November.
There is a chance to bounce off of the 50 EMA & break the $48,000 resistance followed by a retest & Bullish momentum.
It's going to be a wild month of September, with the Legislation, Mass Adoption & the NFT space. Once we are able to break out of this Bearish Wedge the whole market is going to Moon, it's just a matter of when?
Which would cause us to break the $37,300 support line & drop down to the previous low of $30,000 as we head into November.
There is a chance to bounce off of the 50 EMA & break the $48,000 resistance followed by a retest & Bullish momentum.
It's going to be a wild month of September, with the Legislation, Mass Adoption & the NFT space. Once we are able to break out of this Bearish Wedge the whole market is going to Moon, it's just a matter of when?
