Over a month later, it's still interesting to watch how the previous range point of control functions as support. This has now turned into resistance as the price has dropped below $43094.
Further down, support is found around
41K, a crucial level to hold if price is to avoid a quick drop to $39K.
We have a few elements coming up in the next several weeks that may have an impact on price.
Today is the Superbowl, and many crypto companies have spent a lot of money advertising and promoting their products.
This may be a situation where you buy the rumor and sell the news.
Furthermore, there are tensions between Russia and Ukraine, which are causing a lot of concern in all markets, including Crypto. This is where risk management and decision-making come into play.
<———————————————>
☑ Follow, Comment & Like
☑ Create a civil and healty discuss in the comments and share with me your toughts
Thanks and Happy Trading!
Further down, support is found around
41K, a crucial level to hold if price is to avoid a quick drop to $39K.We have a few elements coming up in the next several weeks that may have an impact on price.
Today is the Superbowl, and many crypto companies have spent a lot of money advertising and promoting their products.
This may be a situation where you buy the rumor and sell the news.
Furthermore, there are tensions between Russia and Ukraine, which are causing a lot of concern in all markets, including Crypto. This is where risk management and decision-making come into play.
<———————————————>
☑ Follow, Comment & Like
☑ Create a civil and healty discuss in the comments and share with me your toughts
Thanks and Happy Trading!
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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.