we can notice 3 important resistance in weekly time frame .
1- the upper side of descending channel
2- the orange resistance
3- the 200 MA
these 3 are located in concourse point
it's require a massive liquidation to breakout the concourse point... but as u see in the chart There are no clear signs of strong liquidity.
so we have 2 Scenario.
1- it's trap and sign of bear market
2- weekly close above 200MA and this will be a sign to raise to 28000$
Anyway, the decision to trade now is high risky
don't forget to support us by likes,comment and follow for more ideas.🎯
1- the upper side of descending channel
2- the orange resistance
3- the 200 MA
these 3 are located in concourse point
it's require a massive liquidation to breakout the concourse point... but as u see in the chart There are no clear signs of strong liquidity.
so we have 2 Scenario.
1- it's trap and sign of bear market
2- weekly close above 200MA and this will be a sign to raise to 28000$
Anyway, the decision to trade now is high risky
don't forget to support us by likes,comment and follow for more ideas.🎯
🔻 free crypto signals🔻
t.me/itradeoncrypto
🎯 paid signals!🎯
t.me/Cecilion1
t.me/itradeoncrypto
🎯 paid signals!🎯
t.me/Cecilion1
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.
🔻 free crypto signals🔻
t.me/itradeoncrypto
🎯 paid signals!🎯
t.me/Cecilion1
t.me/itradeoncrypto
🎯 paid signals!🎯
t.me/Cecilion1
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.