It looks healthy for now,
The price is going up and there is a resistance on the way up.
This resistance happens on the $2900 area. But can we cross it?
We might! The Buy Volume is not anything high or low, it's normal... Platforms are showing a regular Buy signal which is obviously because the resistance is a little away from the current price.
The Bollinger Bands are squeezing which is a sign of strength, and also Fib is warning as the price is going near the resistance.
This is a 4H chart, so if the price crossed the resistance and closed a 4H candle above that area, you can safely open your long positions and aim for the TPs I've shown on the chart. But be careful because the market is fragile.
Current Market Price: $2800
Good Luck
Tell me your ideas. Like and Share
The price is going up and there is a resistance on the way up.
This resistance happens on the $2900 area. But can we cross it?
We might! The Buy Volume is not anything high or low, it's normal... Platforms are showing a regular Buy signal which is obviously because the resistance is a little away from the current price.
The Bollinger Bands are squeezing which is a sign of strength, and also Fib is warning as the price is going near the resistance.
This is a 4H chart, so if the price crossed the resistance and closed a 4H candle above that area, you can safely open your long positions and aim for the TPs I've shown on the chart. But be careful because the market is fragile.
Current Market Price: $2800
Good Luck
Tell me your ideas. Like and Share
