The market is in the uptrend on the Daily timeframe starting from July 19 after breaking through $21,955 - the upper border of the resistance.
The correction came to an end yesterday, and the market is rising now.
This correction formed another resistance with the borders of $24,280 - $23,390
This price zone is the target for the bullish movement after the correction is finished. And we see that the price has already hit this zone
Scenario 1: The market continues to go up, and breaks through the resistance. The next target is on the highs of June 7 - $31,965 - $31,400.
Scenario 2: The price bounces from the resistance and the correction starts
Scenario 3: The market reverses and the bearish trend begins. Signals to buy are relevant until the market is above the support. The nearest support was formed yesterday.
The correction came to an end yesterday, and the market is rising now.
This correction formed another resistance with the borders of $24,280 - $23,390
This price zone is the target for the bullish movement after the correction is finished. And we see that the price has already hit this zone
Scenario 1: The market continues to go up, and breaks through the resistance. The next target is on the highs of June 7 - $31,965 - $31,400.
Scenario 2: The price bounces from the resistance and the correction starts
Scenario 3: The market reverses and the bearish trend begins. Signals to buy are relevant until the market is above the support. The nearest support was formed yesterday.