Price today is currently breaking the long term descending trend line that has tested over 3 times already, showing a strong bullish indication. However, price is approaching a key area of resistance above, where we can see looking left a lot of selling pressure occurred. From the key area, price could pullback to retest the broken trendline, building up momentum to break the key resistance & continue the bullish uptrend.
Comment:
4 Hour: Potential scenarios I am looking at