price is moving in range try to form an inverse H&S (bullish pattern).
based on this action we can expect the key support area (between 1840$ and 1800$) retest before another upward pressure.
all indicators on daily and higher timeframes show bullish signs and I don't see any excuse price drop below my baseline unless a liquidity trap.
at the moment we may see more range move however price can close above neckline around 1920$ and go upward with no significant correction.
so if the price closed above our neckline we can expect more upward pressure at this scenario our target would be above 2050$. (on the chart)
Enjoy the market
based on this action we can expect the key support area (between 1840$ and 1800$) retest before another upward pressure.
all indicators on daily and higher timeframes show bullish signs and I don't see any excuse price drop below my baseline unless a liquidity trap.
at the moment we may see more range move however price can close above neckline around 1920$ and go upward with no significant correction.
so if the price closed above our neckline we can expect more upward pressure at this scenario our target would be above 2050$. (on the chart)
Enjoy the market
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