Price is moving within a broader wedge pattern, similar to other coins, with equal touches of support and resistance so far.
Currently, the price is bouncing off a daily level of support that, if broken, increases the likelihood of a drop to rising support.
The bullish case for the price is if it reclaims $40k as support, which would indicate that a move higher is more plausible.
As a side note, both the up and down moves were swift, implying that the return to these levels would be just as swift.
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Currently, the price is bouncing off a daily level of support that, if broken, increases the likelihood of a drop to rising support.
The bullish case for the price is if it reclaims $40k as support, which would indicate that a move higher is more plausible.
As a side note, both the up and down moves were swift, implying that the return to these levels would be just as swift.
<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
