Context:
price broke out of a major resistance and supplyline at 24000 on increased momentum
which is a sign of strenght , we trade towards the resistance level of 25500 and furthermore
the mean of a former range at 26000 , any break of the current demandline and a lower high will
bring us back or near to the minor support at 24750 any higher low at arround 24900 can be seen
as strenght aswell.
Signs of strength:
broken resistance
broken suppyline
increased upside momentum
Signs Of weakness:
none
Support:
24750
24000
Resistance:
25500
26000
www.invezted.com
price broke out of a major resistance and supplyline at 24000 on increased momentum
which is a sign of strenght , we trade towards the resistance level of 25500 and furthermore
the mean of a former range at 26000 , any break of the current demandline and a lower high will
bring us back or near to the minor support at 24750 any higher low at arround 24900 can be seen
as strenght aswell.
Signs of strength:
broken resistance
broken suppyline
increased upside momentum
Signs Of weakness:
none
Support:
24750
24000
Resistance:
25500
26000
www.invezted.com