Hello fellow traders!
The red lines signify support levels that are likely to become resistance levels in the days and weeks ahead as the price trends upwards.
Resistance levels to look out for
$424 Tested as support
$467 very well tested as both support and resistance - price may bounce around a bit between 467 and 424
$544 tested as support and resistance
$558 tested as support and resistance
$621 well tested support and resistance
These levels are very similar to those on Bitfinex
I am very new to technical analysis so I welcome your constructive feedback :-)
The red lines signify support levels that are likely to become resistance levels in the days and weeks ahead as the price trends upwards.
Resistance levels to look out for
$424 Tested as support
$467 very well tested as both support and resistance - price may bounce around a bit between 467 and 424
$544 tested as support and resistance
$558 tested as support and resistance
$621 well tested support and resistance
These levels are very similar to those on Bitfinex
I am very new to technical analysis so I welcome your constructive feedback :-)