Chart showing market is indecisive.
Trendline support is still intact.
Bullish engulfing candlestick pattern yesterday
Stochastic RSI - bullish crossover forming
Volume = Neutral, buying and selling volume same for the last 2 days.
Breakout on upside = Next resistance = $2700 = Possible ATH = $3400
Breakout on downside = Next support 1 = $2300 ,Support 2 = Blue trendline, Support 3 = $1900
Trendline support is still intact.
Bullish engulfing candlestick pattern yesterday
Stochastic RSI - bullish crossover forming
Volume = Neutral, buying and selling volume same for the last 2 days.
Breakout on upside = Next resistance = $2700 = Possible ATH = $3400
Breakout on downside = Next support 1 = $2300 ,Support 2 = Blue trendline, Support 3 = $1900
Note
Volume is still on the lower side though. A good volume breakout would add more confirmation
Note
3 White soldiers forming currently which will be a good bull signal.Will see where todays candlestick ends.
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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.