Let's look at 1D:
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Disclaimer:
Only for discussion purposes and does not constitute financial advice. You must do the analysis yourself, which is your full responsibility
- MACD, Sto RSI and W%R show an upward trend
- The price currently stands above EMA13 and EMA26 and enters the sideways zone at $ 7200 - $ 7600. Requires a strong upward impetus to break through the resistance at $ 8000 (MA 100 and MA200 intersect). If it breaks, the price will move up towards the resistance at $ 9000 - $ 9200
- If the price breaks below $ 7200 (breakout sideways zone) shows a bearish signal. If it is able to break the blue trendline, the bearish signal is confirmed. The price will move towards the support zone at $ 6600 - $ 6800. When that happens all these signals become invalid
Let's discuss with me through the comments column ...
Disclaimer:
Only for discussion purposes and does not constitute financial advice. You must do the analysis yourself, which is your full responsibility