New highs or new lows?
The way I see it is that we are currently on a descending channel and if it holds it may lead the price to the anticipated 17k level.
Failing to hold, would most probably trigger a new fresh interest for buying positions reaching new highs above 80k.
But first things first. 42k is the area to clear out for bulls, while bears may be looking for the spotted HS pattern that could be currently developing the right shoulder.
Failing to hold, would most probably trigger a new fresh interest for buying positions reaching new highs above 80k.
But first things first. 42k is the area to clear out for bulls, while bears may be looking for the spotted HS pattern that could be currently developing the right shoulder.
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