Hello dear friends, Selena here!
The price has recently tested the resistance area and has formed a double top pattern after two unsuccessful attempts to break through. The market has not yet reached new highs. Looking at the daily timeframe, we can observe a bullish trend. However, it is worth noting that the market is struggling to reach higher levels, indicating a potential pullback from the resistance zone. In general, we are witnessing a slowdown in market activity as it encounters strong resistance or supply levels on a weekly basis.
Now, I'm curious to hear your thoughts on today's market!
The price has recently tested the resistance area and has formed a double top pattern after two unsuccessful attempts to break through. The market has not yet reached new highs. Looking at the daily timeframe, we can observe a bullish trend. However, it is worth noting that the market is struggling to reach higher levels, indicating a potential pullback from the resistance zone. In general, we are witnessing a slowdown in market activity as it encounters strong resistance or supply levels on a weekly basis.
Now, I'm curious to hear your thoughts on today's market!
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good luck everyone <3
