Bullish scenario:
• We need to continue this positive consolidation and a new jump to the previous resistance zone at $ 4,100.
• The price break above brings us to the MA200 in hopes of getting through and over that hurdle.
• We have a larger resistance zone at $ 4,500, and if the price breaks above, then we can say that we are back in the bullish trend.
Bearish scenario:
• We need a further price hike to the bottom trend line at $ 3900.
• The break below drops us to the previous higher low at $ 3800.
• We are looking for the next potential support at $ 3650, then at $ 3470 December minimum.
• We need to continue this positive consolidation and a new jump to the previous resistance zone at $ 4,100.
• The price break above brings us to the MA200 in hopes of getting through and over that hurdle.
• We have a larger resistance zone at $ 4,500, and if the price breaks above, then we can say that we are back in the bullish trend.
Bearish scenario:
• We need a further price hike to the bottom trend line at $ 3900.
• The break below drops us to the previous higher low at $ 3800.
• We are looking for the next potential support at $ 3650, then at $ 3470 December minimum.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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t.me/NFT_crypto_news_trading_signals