The pattern formed looks like a solid reversal to me.
Support at $1000 has held for 5 long weeks already, and now the price has broken upwards in the Local 4H Channel.
Let's see. If we close this week's candle like this, I'll open my short to mid-term trades.
My current long term trades were opened around $950. Waiting for a big dip to invest further.
In case we lift off, points to look for:
Major Resistance 1 - $1700
Major Resistance 2 - $2160
Major Resistance 3 - $2840
Major Support 1 - $1000
Major Support 2 - $790
Support at $1000 has held for 5 long weeks already, and now the price has broken upwards in the Local 4H Channel.
Let's see. If we close this week's candle like this, I'll open my short to mid-term trades.
My current long term trades were opened around $950. Waiting for a big dip to invest further.
In case we lift off, points to look for:
Major Resistance 1 - $1700
Major Resistance 2 - $2160
Major Resistance 3 - $2840
Major Support 1 - $1000
Major Support 2 - $790