The PerfectCryptoTraders group recently played a long breakout trade in this pair as price broke out of the extended range that price action had been trading within.
The follow up momentum has so far been lacking and we have not seen the explosion higher we may have expected.
Price has now returned to the old breakout resistance level and formed a bullish engulfing bar.
If this level holds as a new price flip support and price moves beyond the highs of the engulfing bar it could set up and trigger long trades with the next extended leg higher to follow.
The follow up momentum has so far been lacking and we have not seen the explosion higher we may have expected.
Price has now returned to the old breakout resistance level and formed a bullish engulfing bar.
If this level holds as a new price flip support and price moves beyond the highs of the engulfing bar it could set up and trigger long trades with the next extended leg higher to follow.
