Short analysis for today, nothing interesting happened in the market.
But..
Do you recognise this pattern in the crypto market? You do right?
Statistically, this pattern (bull-Flag) is considered a bullish pattern. We should break one of the resistance in the next 4/5 hours max.
In this case we could go and test the 160$ area again, but we need some decent volume.
On the other side a break of the supports, could drift the price to the 125/130$ area again
What is your opinion?
Let me know in the comments!
Bfcm
But..
Do you recognise this pattern in the crypto market? You do right?
Statistically, this pattern (bull-Flag) is considered a bullish pattern. We should break one of the resistance in the next 4/5 hours max.
In this case we could go and test the 160$ area again, but we need some decent volume.
On the other side a break of the supports, could drift the price to the 125/130$ area again
What is your opinion?
Let me know in the comments!
Bfcm
Komentarz:
Seems to be a real break-out with a reintracement. If we don't go below the support line, we should rise more.
