In our last analysis, we focused on two important indicators that can be the so-called trigger of buying or selling activity, including a triangular pattern on the indicator.
This pattern is currently the most potential tool for traders and , which can cause a change in behavior this week and thus revive a stereotypical course.
As we can see in the graph, the has not yet been broken, which means that there are only a few days left, specifically until July 15, when we will witness leaving upwards or vice versa.
The market has been in a so-called summer regime for a relatively long time, characterized by low and also by the fact that it no longer reacts impulsively to external and global events. That is why we are currently focusing on , which works the best at such times, when the market is not affected by other factors.
What else needs to be monitored within the TA?
Resistance at $ 42K - $ 43K
Resistance at $ 50K - $ 48K
Key support in the area of $ 28K - $ 30K
Next support at $ 22.5K
My analysis was also published at CCnews24