Perhaps the model "Two waves of trend continuation" will be formed.
A breakdown of the resistance level can lead to the development of an uptrend.
Breakdown of the resistance level can lead to the development of an uptrend.
Perhaps the "Two waves of trend continuation" model is implemented.
The uptrend continues to the region of 7000$ or higher. In the region of 7000$, you can consider the option of fixing a part of the profit. Then again open long positions on the pullback of 30% and 50%.
Raising the rate will lead to a strengthening of the pound.
Turning up a small 3W model may lead to an increase in the price to the area of resistance level 1305. As a result, consolidation may arise due to sales at the approach to level 1305.
After the rollback down to the breakdown area of the resistance level of long-term consolidation, the uptrend may continue.
Breakthrough support level and development of a downtrend.
Against the backdrop of strengthening bitcoin, the breakdown of the support level may lead to the continuation of the downward trend of the LTC/BTC cross.
The resistance level will not be broken. The trend unfolds downward. The rate is in the long-term range 114.50 - 117.50.
Breakout of the resistance level with the continuation of the upward trend.
A break above the resistance level may lead to the development of a long-term uptrend with a target in the area of 121. The growth of the Nikkei index testifies to this scenario.
Possible rollback in the area of the support level 4970.