The $6k bullish trend reversal was met with heavy resistance around $11.8k
Price has retraced 50% after a 2 week uptrend and corrected in the $9.7k zone.
Currently in the uptrend and above $10.2k where it needs to close to confirm it.
My speculation is that we will hit resistance around $11.2k and bounce down, retracing to support level of $8.7K
Price has retraced 50% after a 2 week uptrend and corrected in the $9.7k zone.
Currently in the uptrend and above $10.2k where it needs to close to confirm it.
My speculation is that we will hit resistance around $11.2k and bounce down, retracing to support level of $8.7K
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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.