Currently, the asset has entered a sideways movement.
We are trading on the D TF between the 100-day and 50-day ema: $1936 - $1982.
A breakout from this sideways range will lead us to the following targets:
🛑 Put Target: $1890
✅ Call Target: $2049
If the price drops to $1890, I expect a continuation of the uptrend.
At that level, we also have the 200-day moving average, which has historically acted as a support level for the asset.
We are trading on the D TF between the 100-day and 50-day ema: $1936 - $1982.
A breakout from this sideways range will lead us to the following targets:
🛑 Put Target: $1890
✅ Call Target: $2049
If the price drops to $1890, I expect a continuation of the uptrend.
At that level, we also have the 200-day moving average, which has historically acted as a support level for the asset.
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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.