hello everyone, In my last analysis the price pullback from resistance trendline and made a High low at 23600, it seems as of now bulls are more in power.
So what can happen now, price is trying to break the previous high price of last week which is around 25k, if price breaks the the resistance trendline then our next main resistance is 28k... however if bulls gives up then price can lose momentum and price can fall below 23500 then it will most likely test the support trend line...
Also in my pervious analysis I said we may get another bear flag but looks like bulls are pushing there way out of it... However the price has been trending from all time low price of 17k so at this point it is critical to say weather the price remains bullish or bearish, price could be overbought currently... as well the DXY may become bullish (see link below)
good luck
So what can happen now, price is trying to break the previous high price of last week which is around 25k, if price breaks the the resistance trendline then our next main resistance is 28k... however if bulls gives up then price can lose momentum and price can fall below 23500 then it will most likely test the support trend line...
Also in my pervious analysis I said we may get another bear flag but looks like bulls are pushing there way out of it... However the price has been trending from all time low price of 17k so at this point it is critical to say weather the price remains bullish or bearish, price could be overbought currently... as well the DXY may become bullish (see link below)
good luck
Yorum:
price has created a new resistance level around 24900, it needs to make a solid break above 25k not with wick candle but the body of candle above 25k for price to remain bullish - otherwise it will lose its momentum and price will be bearish for long period of time
