Initial rejection in play.
Price has been rejected four times at this level, weakening the resistance zone over time.
The dark grey resistance area needs to be taken out by the bulls for any sustained upside movement.
Given the repeated tests, this zone will likely break sooner rather than later.
Just to be clear I’m not leaning bearish.
This still looks like a potential breakout setup in progress.
Chart structure > Noise.
Let’s see how the price reacts next.
Do hit the like button and share your views in the comment section!
Thank you
#PEACE
Price has been rejected four times at this level, weakening the resistance zone over time.
The dark grey resistance area needs to be taken out by the bulls for any sustained upside movement.
Given the repeated tests, this zone will likely break sooner rather than later.
Just to be clear I’m not leaning bearish.
This still looks like a potential breakout setup in progress.
Chart structure > Noise.
Let’s see how the price reacts next.
Do hit the like button and share your views in the comment section!
Thank you
#PEACE
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Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
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Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.
Daily Signals:- telegram.me/thecryptorphic
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.