What do we see on this timeframe (4H candles)?
- 33K area seems to be a strong support
- approaching big resistance
- cross and turning upwards, broken 50
On 1D candles --> same story, seems to stay calmer, is good, might be crossing soon.
This is interesting as a trade, as I've been trading this one the past few days too, making some nice 10% swings and posting about it on my Twitter (I'm posting most of my charts there, if you want to follow, this is the link: https://twitter.com/MNPoppe).
Which two scenario's are in play here?
1 - breaking out from here, going towards the targeted areas. needs to pace up, but I've got a good feeling regarding this one.
2 - not breaking out right now --> retesting the lower support line, might drop lower for a ending and then we're up towards the targeted areas.
1 - 40000 sats
2 - 45000 sats
3 - 53500 sats