Hi guys!
As you can see on the 4H chart we are forming this bullish triangle. The volume is decreasing we are making higher lows. The 7500 USD level acted as support, so the next target is the top of the triangle at around 8200 USD. According to VPVP we have a quite strong resistance at 7950-8000 USD which is not surprising, since it is a round number and also a psychologically important level. Both the Stochastic RSI and simple RSI looks healty, so the move upwards could be probable.
On the picture below on the daily time frame you can see that 10K is a previous top which should be our next target in case we brake upwards.
In case we brake downwarsds I would except move down to 6400 USD which is a 0.382 Fibbo level and VPVR also shows strong support there.
***It is not a financial advice, it is only my personal opinion.***
If you have any questions leave a comment below, and if you found it helpful please leave a like!
As you can see on the 4H chart we are forming this bullish triangle. The volume is decreasing we are making higher lows. The 7500 USD level acted as support, so the next target is the top of the triangle at around 8200 USD. According to VPVP we have a quite strong resistance at 7950-8000 USD which is not surprising, since it is a round number and also a psychologically important level. Both the Stochastic RSI and simple RSI looks healty, so the move upwards could be probable.
On the picture below on the daily time frame you can see that 10K is a previous top which should be our next target in case we brake upwards.
In case we brake downwarsds I would except move down to 6400 USD which is a 0.382 Fibbo level and VPVR also shows strong support there.
***It is not a financial advice, it is only my personal opinion.***
If you have any questions leave a comment below, and if you found it helpful please leave a like!