-As asked in a previous analysis, I see that crypto has been bravely resisting the declines. On the daily chart we saw the formation of an bullish descending triangle, which a priori has been respected in its entirety. That strikes me as a good sign.
-Are the bulls waiting for the right moment to break through and go strong towards 34.9K? "Apparently" is what the bulls are trying to do.
-Looking at a medium-term bias, we have the weekly chart with strength predominantly from the bears, as we have a bearish pivot formed and confirmed with enough strength to reach 20.3K. However, significant help can be seen further down the long average (white line), and it could serve as an important support point in the 23K region.
-On the daily chart we have a bullish pivot high with prices closing above the "pivot point" region at 26.5K, but, through SETUP, prices have the strength to reach only the 28.6K region, and if there is a lot of strength on the part of the bulls, they can go for 32.1K. As for the 34.9K range, I see it as a remote possibility for the current moment.
Read too!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
-Are the bulls waiting for the right moment to break through and go strong towards 34.9K? "Apparently" is what the bulls are trying to do.
-Looking at a medium-term bias, we have the weekly chart with strength predominantly from the bears, as we have a bearish pivot formed and confirmed with enough strength to reach 20.3K. However, significant help can be seen further down the long average (white line), and it could serve as an important support point in the 23K region.
-On the daily chart we have a bullish pivot high with prices closing above the "pivot point" region at 26.5K, but, through SETUP, prices have the strength to reach only the 28.6K region, and if there is a lot of strength on the part of the bulls, they can go for 32.1K. As for the 34.9K range, I see it as a remote possibility for the current moment.
Read too!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
