The bulls kept pushing the momentum going during previous resistance and broke through back at the beginning of the year (which invalidated my previous idea)
The price range cannot be sustained and today momentum has been showing signs of a shift. There needs to be a retest of old supports/resistance to begin upward continuation.
Signals indication short:
- MFI flattening and in overbought region
- 1D Price action looks to be retesting the kijun-sen (Ichimoku Cloud) ~580 sats
- MACD looks to be rolling over
Let me know what you think!
The price range cannot be sustained and today momentum has been showing signs of a shift. There needs to be a retest of old supports/resistance to begin upward continuation.
Signals indication short:
- MFI flattening and in overbought region
- 1D Price action looks to be retesting the kijun-sen (Ichimoku Cloud) ~580 sats
- MACD looks to be rolling over
Let me know what you think!
Handel aktiv:
650 support was broken, heading down atm
Trade stängt: målet nått:
We reached a low of ~596 sats which wasn't as low as I was hoping but there was a nice bounce. Enjoy your profits.
As for the ongoing price action, I will post an update soon!
As for the ongoing price action, I will post an update soon!
