• Bullish move helps the coin climb 12% in a day
• The rally is being attributed to a successful completion of the 2.0 project soon accompanied by market relief and US dollar pullback
• Successful breakout of minor double top around 1280 highlighted on the chart
• Two major resistance levels await bulls
• First one is the descending trend line dating back from April 2022, today at 1600
• Second is the 1700 major level
• Only until both levels are clearly broken, the major trend starts to turn bullish with next target to the upside at 2170
Levels to watch for buyers: 1600,1700,2170 for the near future
• The rally is being attributed to a successful completion of the 2.0 project soon accompanied by market relief and US dollar pullback
• Successful breakout of minor double top around 1280 highlighted on the chart
• Two major resistance levels await bulls
• First one is the descending trend line dating back from April 2022, today at 1600
• Second is the 1700 major level
• Only until both levels are clearly broken, the major trend starts to turn bullish with next target to the upside at 2170
Levels to watch for buyers: 1600,1700,2170 for the near future
Note
First trend line resistance broken, awaiting confirmation
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.
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.