Psychology behind the candles:
-FEB candle approving buyers in the marketafter 3 months of consecutives bearish selloff
-Currently, last week for March closure...Price trading at the highs of FEB with 2 weeks of strong bullish sentiment
-Daily timeframe, potential breakout of the trading range.
-45k declenched an auto-sell multiple times but now we can notice the consistency of buyers at the resistance
-First potential target is 50k-55K range
-Invalidation of this analysis with a strong failure around 45K.
-FEB candle approving buyers in the marketafter 3 months of consecutives bearish selloff
-Currently, last week for March closure...Price trading at the highs of FEB with 2 weeks of strong bullish sentiment
-Daily timeframe, potential breakout of the trading range.
-45k declenched an auto-sell multiple times but now we can notice the consistency of buyers at the resistance
-First potential target is 50k-55K range
-Invalidation of this analysis with a strong failure around 45K.
