Hi dear treaders, Prices currently fluctuate between 1700$ and 1780$. The Bollinger bands are compressed and the price is gathered like a spring and ready to be thrown. If the 1800$ resistance is broken correctly, the next target is 1850$. This price compression is accompanied by the pressure of bulls and bears to maintain the important level of 1750$ so that the price does not fall below 1700$. Support levels are marked at points A and B. The RSI is also bullish and shows the best point for the breakout of the support line.
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Good luck.
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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.