Price hold support steadily even though still failed to make any move higher. It seems that 3700 is a support area for now. There are two possibilities this week:
#1 - We might see consolidation this week and price might move sideways.
#2 - Price to retrace a bit and then make a breakout towards 4000. This would be ideal and the best scenario.
Happy trading!
#1 - We might see consolidation this week and price might move sideways.
#2 - Price to retrace a bit and then make a breakout towards 4000. This would be ideal and the best scenario.
Happy trading!
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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.