I believe that we will continue to consolidate between the 42500 and 41000 level or possibly break the support at 4100.
Breaking the support at 41000 will indicate a long term bearish structure as there is not another strong resistance untill the 37k level. Coming down from a high of around 67k I think that it will take a few months untill we restest this level, at least technically speaking. If we recieve some positive indicators such Kazakhstan calming their conflict and reintegrating access to the internet for their population, we may be able to orchastrate a move to the upside.
Until any external news impacts the price, the structure indicates Lower highs and Lower lows.
The price range im indicating is in referance to short position I'm considering taking.
Breaking the support at 41000 will indicate a long term bearish structure as there is not another strong resistance untill the 37k level. Coming down from a high of around 67k I think that it will take a few months untill we restest this level, at least technically speaking. If we recieve some positive indicators such Kazakhstan calming their conflict and reintegrating access to the internet for their population, we may be able to orchastrate a move to the upside.
Until any external news impacts the price, the structure indicates Lower highs and Lower lows.
The price range im indicating is in referance to short position I'm considering taking.