Locally, we are still in an uplink, having met resistance in the $30k-32k zone.
We also see a divergence in MACD on the weekly TF. The price is below the level and there is a good option to work out the divergence by testing the support level around $25k. Also, a long stay in the positive zone according to the MACD histogram can also be a short signal, but I would not rush to open shorts yet, this could be a trap.
We also have discrepancies on the chart, it can be interpreted as a triangle with a test of the $32k zone
Or as a H&S with a $24k-25k zone test
Since we are confidently holding the zone of previous accumulation, there is a big chance to remove short positions with a test of $37k-38k (the next resistance zone) and consolidate above $32k
To do this, we need to keep the range of $27-30k and try to land as many short positions as possible in order to fly to the $37k area and not give buyers a chance to change their minds
While we are sitting sideways, it is important not to twitch, hodl and everything will be fine) I am for the continuation of growth, perhaps through a correction to
25K
, if we cannot keep
27K
We also see a divergence in MACD on the weekly TF. The price is below the level and there is a good option to work out the divergence by testing the support level around $25k. Also, a long stay in the positive zone according to the MACD histogram can also be a short signal, but I would not rush to open shorts yet, this could be a trap.
We also have discrepancies on the chart, it can be interpreted as a triangle with a test of the $32k zone
Or as a H&S with a $24k-25k zone test
Since we are confidently holding the zone of previous accumulation, there is a big chance to remove short positions with a test of $37k-38k (the next resistance zone) and consolidate above $32k
To do this, we need to keep the range of $27-30k and try to land as many short positions as possible in order to fly to the $37k area and not give buyers a chance to change their minds
While we are sitting sideways, it is important not to twitch, hodl and everything will be fine) I am for the continuation of growth, perhaps through a correction to
25K
, if we cannot keep
27K