as you can see in the chart we have two major signs for this movement:
1- we are in bearish triangle pattern
2- we have the strong resistance are in 39- 42 thousand dollars
so if price break up the triangle pattern and the resistance area, we can hope to have a bullish trend.
1- we are in bearish triangle pattern
2- we have the strong resistance are in 39- 42 thousand dollars
so if price break up the triangle pattern and the resistance area, we can hope to have a bullish trend.
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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.