Bullish scenario:
• We need a new positive consolidation to turn the price towards the bullish trend again.
• We need to get above the MA200 moving average and above $ 48,000.
• Then we can expect that with a smaller break, the price will continue towards the previous high at $ 52,000. An additional resistance at that point is the MA50 moving average.
Bearish scenario:
• We need to continue the negative consolidation and withdraw the price to the $ 40,000 support zone.
• Additional potential support in that zone is our lower bullish trend line.
• A potential break below would open the door to the next support at $ 30,000.
• We need a new positive consolidation to turn the price towards the bullish trend again.
• We need to get above the MA200 moving average and above $ 48,000.
• Then we can expect that with a smaller break, the price will continue towards the previous high at $ 52,000. An additional resistance at that point is the MA50 moving average.
Bearish scenario:
• We need to continue the negative consolidation and withdraw the price to the $ 40,000 support zone.
• Additional potential support in that zone is our lower bullish trend line.
• A potential break below would open the door to the next support at $ 30,000.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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t.me/NFT_crypto_news_trading_signals