We can see a descending wedge pattern formation which is typically Bullish with a potential for a breakout to the upside.
Projecting we trade in a descending range of lower lows and lower highs finding a price floor around the 28K level before a relief rally to the upside around the 10th July.
On a macro timescale scale we are likely to see a significant pull back when the stock market corrects and takes crypto with it - be sure to keep your stop losses tight if your trading the current chop.
Projecting we trade in a descending range of lower lows and lower highs finding a price floor around the 28K level before a relief rally to the upside around the 10th July.
On a macro timescale scale we are likely to see a significant pull back when the stock market corrects and takes crypto with it - be sure to keep your stop losses tight if your trading the current chop.