Hi everyone
the price is now moving sideways. trapped between two main trend lines .
so there could be important area between 42.5& & 46.5$ to accumulate.
we may see more consolidation moves ( depends on the market)
the key level to watch for us would be 46.5 resistant level.
if the price could manage to close above 46.5$ and breaks trend line upward
has strong chance for more upward pressure, if not and closed below 42.5$ our
next important support level would be around 37$.
support and resistant levels are on the chart.
Enjoy the market
the price is now moving sideways. trapped between two main trend lines .
so there could be important area between 42.5& & 46.5$ to accumulate.
we may see more consolidation moves ( depends on the market)
the key level to watch for us would be 46.5 resistant level.
if the price could manage to close above 46.5$ and breaks trend line upward
has strong chance for more upward pressure, if not and closed below 42.5$ our
next important support level would be around 37$.
support and resistant levels are on the chart.
Enjoy the market
Trade active:
support level around 37$ hit as expected. price may even test 34$ before bouncing upward. key level of upward pressure is the trend line.
