-The bearish pivot of the daily chart traced in the previous analysis is still valid. We have not had significant changes at the moment.
-What we can see next are prices trying to break the 30.8K region, to get out of the downward trend once and for all.
-However, not being able to work above the range (30.8K), we can consider this movement as a "TRAP" for bulls.
-The weekly chart shows us that prices are also working within a bearish pivot, so this situation needs to be reversed!
On the monthly chart we have good news. Prices are working within a nice bullish pivot, where, with corrections, it can only happen up to the 24K region.
-Do your analysis and good business.
-Be aware, If you buy, Use Stop!
-See below for other graphic analysis.
-What we can see next are prices trying to break the 30.8K region, to get out of the downward trend once and for all.
-However, not being able to work above the range (30.8K), we can consider this movement as a "TRAP" for bulls.
-The weekly chart shows us that prices are also working within a bearish pivot, so this situation needs to be reversed!
On the monthly chart we have good news. Prices are working within a nice bullish pivot, where, with corrections, it can only happen up to the 24K region.
-Do your analysis and good business.
-Be aware, If you buy, Use Stop!
-See below for other graphic analysis.
