Market stability indicates a sideways trading pattern with poten

, we can describe the current movement as forming a consolidation or forming a sideways channel. This is an indication of the stability of the market and perhaps entering a period of accumulation before continuing the previous main trend (bullish or bearish)

Indicates a buy

The price is at the beginning of the trend stability, as it recovers and searches for the best high points, which in turn are key, in forming the wide channel,

As the price indicates stability above the $2620 areas

So now we can confirm the price's commitment to move, and search for other specific resistances, in the sideways trend formation phase,

Example of new areas; $2671 and $2681

After these areas are broken, there will be,

A zone between $2740 and $2720, this area is considered (resistance) and the lower area is $2700 and $2676, which is considered a support area

Before continuing the trend to the $2800 area, this is considered a downward area and the beginning of the formation of the last stage of the sideways trend