The market appears to have formed an inverted head and shoulders setup, which presents a potential upside movement.
We have a broken out resistance above 34k, and price is likely to retest a previous resistance ~ current support, before presenting further confirmations for upside movements.
All in and all looking pleasant for an upside movements towards 35k.
We have a broken out resistance above 34k, and price is likely to retest a previous resistance ~ current support, before presenting further confirmations for upside movements.
All in and all looking pleasant for an upside movements towards 35k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.