Context:
price found support at the 50% level of the previous rallie which is a sign of strenght,
we even took out the 50% level of the correction, this pair is still strong. we currently
found a minor resistance level @5700ish any break of it to the upside and we will head back
to the current highs @5800ish
signs of strenght:
rejection at 50% retracement
broken supplyline
broken 50% retracement
signs of weakness:
none
price found support at the 50% level of the previous rallie which is a sign of strenght,
we even took out the 50% level of the correction, this pair is still strong. we currently
found a minor resistance level @5700ish any break of it to the upside and we will head back
to the current highs @5800ish
signs of strenght:
rejection at 50% retracement
broken supplyline
broken 50% retracement
signs of weakness:
none
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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.