After price slumped on Sep22 (which was FED releasing interest rate timing),
the price went uptrend to supply zone now
two ways I personally think it may move like
1.(Space)
bullish K bars appear and directly break out the supply zone(1400),
then it may have high posibility to continue move uptrend as there is next resistance zone at 1450
2.(Time) ← now seems move like this
the price may move within supply zone for a while,
as we can see there was a huge volume (in Binance exchange) on Sep22
it's hard to consume selling pressure by only current volumes
so it needs time.
all are personal opinions, not investment advice,
any suggestions are welcome!
the price went uptrend to supply zone now
two ways I personally think it may move like
1.(Space)
bullish K bars appear and directly break out the supply zone(1400),
then it may have high posibility to continue move uptrend as there is next resistance zone at 1450
2.(Time) ← now seems move like this
the price may move within supply zone for a while,
as we can see there was a huge volume (in Binance exchange) on Sep22
it's hard to consume selling pressure by only current volumes
so it needs time.
all are personal opinions, not investment advice,
any suggestions are welcome!