BTC is consolidating for about 3 months. The range break will show us the next move toward bear or bull targets. Also if you are not a range trader it's better to wait for a range break.
Current range and other most important levels are defined on the chart.
4350 - 4550
Previously we found support on 200 SMA. You can clearly see the importance of 200 SMA on weekly timeframe . The reaction of price after the touch was not bullish and we got stopped on "~4000 emotional range (Small pink area)" + "200 EMA" combo. So After the dump on lower timeframes this week, It seems we are going to test 200 SMA again.
XMR is getting compressed like a spring. Also Bollinger Bands shows us the market is getting ready for a sudden movement.
Pay attention to the meaning of colors:
Pink zone: Critical Support and Resistance Zone.
Yellow lines: Long-term triangle wedge.
Red line: The most important resistance line over Pink zone. The price must be closed over the line to...