Hi, traders.
The wide balance with the range 6514-7384 goes up and the price hold above. Is very good for buyers.
Now the price is consolidating inside the new mini-balance 7369-7658. Until we see a true breakout/breakdown of this balance, we should trade inside this balance from the borders, especially after false breaks.
For now I see 3 options how is would be be next:
1. This mini balance goes up. The price will show a true breakout of 7658 and holds above. This will open a road to 8258.
2. The price decline to 7314 and rebound from it (false break with a tail) and then goes up test 7658.
3. The price decline to 7314 and make a true breakdown. In this case we will see a drop to 7150 or even 6915..
Watch the price action on balance borders and especially on 7750 - it's level for change mid-term priority.
The wide balance with the range 6514-7384 goes up and the price hold above. Is very good for buyers.
Now the price is consolidating inside the new mini-balance 7369-7658. Until we see a true breakout/breakdown of this balance, we should trade inside this balance from the borders, especially after false breaks.
For now I see 3 options how is would be be next:
1. This mini balance goes up. The price will show a true breakout of 7658 and holds above. This will open a road to 8258.
2. The price decline to 7314 and rebound from it (false break with a tail) and then goes up test 7658.
3. The price decline to 7314 and make a true breakdown. In this case we will see a drop to 7150 or even 6915..
Watch the price action on balance borders and especially on 7750 - it's level for change mid-term priority.