4H timeframe
Since my last update, price managed to break through the minor overhead resistance denoted by the white line. We saw a quick retest before price pushed into a more significant resistance zone .
Price is currently rejecting off this zone, though given the strength it has had to push here it would seem likely that price tries to break this resistance again soon.
It’s possible price breaks this resistance shortly, though a correction of sorts would seem more likely. If so, price could easily fall back to white line and retest it as support, and if that fails to hold we will revisit the lower support at 51.5-52.5k.
As long as the large support zone at 51.5-52.5k holds we’re bullish and I expect a visit to all time highs soon.
Since my last update, price managed to break through the minor overhead resistance denoted by the white line. We saw a quick retest before price pushed into a more significant resistance zone .
Price is currently rejecting off this zone, though given the strength it has had to push here it would seem likely that price tries to break this resistance again soon.
It’s possible price breaks this resistance shortly, though a correction of sorts would seem more likely. If so, price could easily fall back to white line and retest it as support, and if that fails to hold we will revisit the lower support at 51.5-52.5k.
As long as the large support zone at 51.5-52.5k holds we’re bullish and I expect a visit to all time highs soon.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.