Context:
price left the upchannel , the retracement formed a lohwer high near the key level of broken support
at 24000 , which is a sign of weakness , the next level of interrest will be the 50% mark ,any bullish reaction here
and there is a good chance that we test the resistance of 24000 again , pric could be conatined within a range between 24000 and 21600 in the following days,
Signs of strength:
uptrend
Signs Of weakness:
broken upchannel
lower high near resistance
Support:
22760
21600
Resistance:
24000
25000
invezted.com
price left the upchannel , the retracement formed a lohwer high near the key level of broken support
at 24000 , which is a sign of weakness , the next level of interrest will be the 50% mark ,any bullish reaction here
and there is a good chance that we test the resistance of 24000 again , pric could be conatined within a range between 24000 and 21600 in the following days,
Signs of strength:
uptrend
Signs Of weakness:
broken upchannel
lower high near resistance
Support:
22760
21600
Resistance:
24000
25000
invezted.com
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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.
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.