There is an argument for bullish price next week. However as it stands now the price is still in the 50-50 price action. There is not enough argument to confirm bullish movement. Meaning there is possibility also that it might go south next week.
Scenario 1: If price stays above the 4000 and push higher then it will be bullish. Possibly towards 4500.
Scenario 2: If price move below and stays below 4000 then bearish is back in control to push price possibility towards 3700.
Start of the week it will be reactive mode.
Scenario 1: If price stays above the 4000 and push higher then it will be bullish. Possibly towards 4500.
Scenario 2: If price move below and stays below 4000 then bearish is back in control to push price possibility towards 3700.
Start of the week it will be reactive mode.
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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.