As I told you on the previous analysis the price wanted to retest the supply zone.
At the moment the price is creating a long wick candle on that level, and it could be a false breakout of 43k.
As I told you before, the price needs to create a clear higher high with volume and momentum.
So if the price is going to create a clear breakout of 43k, and retest the resistance as new support, we could see another bullish impulse until 45k.
With the current candle, it seems like a stop-loss hunter.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
At the moment the price is creating a long wick candle on that level, and it could be a false breakout of 43k.
As I told you before, the price needs to create a clear higher high with volume and momentum.
So if the price is going to create a clear breakout of 43k, and retest the resistance as new support, we could see another bullish impulse until 45k.
With the current candle, it seems like a stop-loss hunter.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Bình luận:
the price needs to create a new breakout from the resistance
Bình luận:
The price is testing the resistance and the support.
Usually, consolidation below the resistance is a good sign for a bullish breakout!
Let's see!
The price is testing the resistance and the support.
Usually, consolidation below the resistance is a good sign for a bullish breakout!
Let's see!
Bình luận:
The price needs to create a new higher high above the 43k with confirmations.
Another false breakout could create a new bearish impulse
Another false breakout could create a new bearish impulse
