Considering the crossing of the moving averages, pulled by the Ichimoku conversion line, we believe in the possibility of the price to return the region of 15 dollars
Moving averages and the Ichimoku cloud conversion line point to a possible reversal of the current downtrend.
The candles are already surfing the LTA and are heading to fight again against the LTB.
If the required volume is reached, LTB may be disrupted. The next big barrier is in the area of 8,800.00 USD.
The Ichimoku cloud will soon be below prices, which...
By forming the double top in daily chart time, a reversal movement occurred, which brought the price back to the region of 21,000 sat.
Apparently, according to the daily chart, the movement should resume the upward trend, being able to seek the regions of 28,000 and 32,000 sat, according to the Fibo extension.
This analysis is for educational purposes.
