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
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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.
Related publications
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.