Breakout or continuation?!
A 'Bull Flag' is shown on the daily chart.
It makes you wonder whether a turn is coming in the crypro sector or a continuation to the downside.
One way or another, we will find out in the coming days.
From technical viewpoint, if we can hold the 1309.14 level and break above the 23.6% (1411.09) Fib level, a breakout is possible.
Support: 1309.14, 1219.52
Resistance: 1309.14, 1411.09, 1600.41
PS. Be careful, we are still in a bear market.
It makes you wonder whether a turn is coming in the crypro sector or a continuation to the downside.
One way or another, we will find out in the coming days.
From technical viewpoint, if we can hold the 1309.14 level and break above the 23.6% (1411.09) Fib level, a breakout is possible.
Support: 1309.14, 1219.52
Resistance: 1309.14, 1411.09, 1600.41
PS. Be careful, we are still in a bear market.
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