Please refer to our previous post:
As stated here after breaking our red key trendline our prediction was price would move up swiftly to test the green trendline between between $3,400-$3,500.
After a successful retest of the red trendline it only took price 48 hours to increase 19% and reach our green trendline. This is a major area where we could see some profit taking starting to occur.
Once price is able to break through this level we should see a move to the most important price zone throughout the past couple years around $4k-$4,100.
As stated here after breaking our red key trendline our prediction was price would move up swiftly to test the green trendline between between $3,400-$3,500.
After a successful retest of the red trendline it only took price 48 hours to increase 19% and reach our green trendline. This is a major area where we could see some profit taking starting to occur.
Once price is able to break through this level we should see a move to the most important price zone throughout the past couple years around $4k-$4,100.
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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.