Hi dear traders
As I said in the previous analysis, the price is moving in a downward channel.
After retesting the resistance zone, it is reversing.
The first support zone is between 800$ and 885$.
For a strong rise, the price should go down to the 500$ and 450$ area.
Watch out for the cow trap.
If the resistance of 1120$ is broken, it is possible to climb up to 1200$.
Let's see what happens
This is not financial advice ( DYOR )
As I said in the previous analysis, the price is moving in a downward channel.
After retesting the resistance zone, it is reversing.
The first support zone is between 800$ and 885$.
For a strong rise, the price should go down to the 500$ and 450$ area.
Watch out for the cow trap.
If the resistance of 1120$ is broken, it is possible to climb up to 1200$.
Let's see what happens
This is not financial advice ( DYOR )
Note
Previous analysis 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.