Welcome back to another one of my analysis. If you like what you see, don't hesitate to gives it a thumbs up.
I predict more bullish pressure within the upcoming month. From the Monthly timeframe, I spotted 3 bullish confluences.
I can see price either forming a leg down to Monthly Support or continuing its long rally upwards to $16,225. Hence only if price manages to close back above $13,873. Marked on the chart is a couple Bullish engulfing candles, and a 3 Pin Formation. Both give concise outputs for future market price. I will be creating a more detailed analysis with a smaller timeframe. I had to make sure people understood my overall bias & direction though.
Once again, support this post if you agree.
I predict more bullish pressure within the upcoming month. From the Monthly timeframe, I spotted 3 bullish confluences.
I can see price either forming a leg down to Monthly Support or continuing its long rally upwards to $16,225. Hence only if price manages to close back above $13,873. Marked on the chart is a couple Bullish engulfing candles, and a 3 Pin Formation. Both give concise outputs for future market price. I will be creating a more detailed analysis with a smaller timeframe. I had to make sure people understood my overall bias & direction though.
Once again, support this post if you agree.