The pair has been bullish for some time and currently ranging since Monday “11-10-2021” no it is at the bottom of its ranges “POC” in the following facts
• By 20:00 it provided a volatility spike showing the unsettlement of the buyers and sellers, while RSI was providing the oversold territory.
• RSI is on bullish hidden divergence.
• Price action is at the support level at the Place Of Confluence with a SMA200 followed by the hammer.
• I’m therefore bullish here unless the price may break the level of $53958 then this scenario will be invalidated
• Next price action may be checked at zone of $57547 - $60000
• By 20:00 it provided a volatility spike showing the unsettlement of the buyers and sellers, while RSI was providing the oversold territory.
• RSI is on bullish hidden divergence.
• Price action is at the support level at the Place Of Confluence with a SMA200 followed by the hammer.
• I’m therefore bullish here unless the price may break the level of $53958 then this scenario will be invalidated
• Next price action may be checked at zone of $57547 - $60000