Hi
First of all, let's find the zone of "uncertainty", the zone of bulls and bears confrontation. This zone is located in the range of $10260 and $10435.
In case of resistance $10435 will be broken, the price would fly upward to the next resistance which is located at the $10700 level and then to $11000 - $11500. But in case the price will fix below the $10260, the probability of dump will increase up to 79%, which is quite high. Then the local low level will be updated and after breaking through the support at $9900 - $9700, the price can fall to $9200 - $9300.
First of all, let's find the zone of "uncertainty", the zone of bulls and bears confrontation. This zone is located in the range of $10260 and $10435.
In case of resistance $10435 will be broken, the price would fly upward to the next resistance which is located at the $10700 level and then to $11000 - $11500. But in case the price will fix below the $10260, the probability of dump will increase up to 79%, which is quite high. Then the local low level will be updated and after breaking through the support at $9900 - $9700, the price can fall to $9200 - $9300.
