174 will be a huge level for buyers to kick in and activate the stronger buying algorithms needed to take us out of our current teal and orange selling channels. As we've seen in the past, this $174 level has brought in tons of buyers and kicked off our previous move to ATH's.
In addition, more immediately we have the $180 level that is old-resistance turned support and if we drop below this level, I expect a retest of minimum bottom of orange channel and ideally, to gain as much liquidity for buyers as possible, a retest of that $174 level.
Keep you posted with analysis as price continues to develop!
Happy Trading :)
In addition, more immediately we have the $180 level that is old-resistance turned support and if we drop below this level, I expect a retest of minimum bottom of orange channel and ideally, to gain as much liquidity for buyers as possible, a retest of that $174 level.
Keep you posted with analysis as price continues to develop!
Happy Trading :)
Trade the Story
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