Continuation of chop today in the market
Price is now back inside of the long term range which is capped at 6.6k. This will be the level to beat in order for the bulls to get running again.
A break above 6.6k will set bulls up to try and break above 6750-6.9k.
After a decent bounce back into the range, price is now back above the range low at 6.2k. This will act as support first and foremost.
The yearly low support zone once again provides price with a bounce and another few days of safety. This level of price from 5.8-6.1k remains the safety blanket for now.
A break above 6.6k will set bulls up to try and break above 6750-6.9k.
After a decent bounce back into the range, price is now back above the range low at 6.2k. This will act as support first and foremost.
The yearly low support zone once again provides price with a bounce and another few days of safety. This level of price from 5.8-6.1k remains the safety blanket for now.
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