Looking at the chart I think we have 2 options.
The firts one (most unlikely) is price to go up around $40 and test the resistance once again. Firts, price needs to break 38.9-39 to continue up.
If price doesn't break 38.9-39 I would say is short to 34.5 (big support) and if it breaks there, we can look down to 32 even 31.
Now price is holding at MA4. Waiting for a breakout.
Updates in comments.
Feedback is really appreciate.
The firts one (most unlikely) is price to go up around $40 and test the resistance once again. Firts, price needs to break 38.9-39 to continue up.
If price doesn't break 38.9-39 I would say is short to 34.5 (big support) and if it breaks there, we can look down to 32 even 31.
Now price is holding at MA4. Waiting for a breakout.
Updates in comments.
Feedback is really appreciate.
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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.