- A strong bounce off the ascending support is necessary in order to break through the descending resistance, and 20,50,200 day moving averages. - A break above $8,000 is needed for bullish reversal - A downward channel has formed, leaving possibilities for bullish reversal in the $7,000-$7400 buy zone.
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.
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.