after recent breakout from 116
price has made its first pullback on hourly chart
it look like a channel consolidation
if the price breaks down then it might act as breakout and retest at 116
if it breakout above from the channel then 138 would be next resistance
price has made its first pullback on hourly chart
it look like a channel consolidation
if the price breaks down then it might act as breakout and retest at 116
if it breakout above from the channel then 138 would be next resistance
Note
according the momentum happening in all major cryptos retest would be less chance of happening let see how it reacts on reaching 138 will update further if there is any trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.