Now i don't like this that much, but just like the one i showed with Bitcoin', it's better to be aware of things, rather than ignoring them. The past 2 days it looked like bears were taking over and saw some good drops in the price, but no follow through. Yesterday it looked even more , but then we got a good push upwards, but it was not enough to break the and the heavy resistance. But on the other hand, bears ar also failing in pushing the price down. So where it was taking too long for the bulls, it is almost becoming the other way around now. Meaning, the longer the bulls keep it above that green support on the right, the bigger the chances become that all of this was just noise and a standard consolidation/correction of the rally so far.
Bigger picture, based on the strong rally we had from the lows, there is a chance we could see something like the blue line happening the coming weeks. But that really needs a big rally again. Otherwise the red lines become more likely to happen. In other words, either we form a big V shape low on the big picture (when zooming out some more) and showing a potential long term low. Or we start to retest the green support on the left again, meaning a long term low is less likely.
So for now the 145/147 zone needs to hold for the bulls. And if support break, bears need to make sure the increases as well.
153ish seems to be a very obvious resistance now, if that breaks, we could see an attack at the 160ish again.
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With 140 being the first big resistance now