Hi dear traders
As I said in the previous analysis, the price is moving in a downward channel.
After retesting the resistance zone, it is reversing.
The first support zone is between 800$ and 885$.
For a strong rise, the price should go down to the 500$ and 450$ area.
Watch out for the cow trap.
If the resistance of 1120$ is broken, it is possible to climb up to 1200$.
Let's see what happens
This is not financial advice ( DYOR )
As I said in the previous analysis, the price is moving in a downward channel.
After retesting the resistance zone, it is reversing.
The first support zone is between 800$ and 885$.
For a strong rise, the price should go down to the 500$ and 450$ area.
Watch out for the cow trap.
If the resistance of 1120$ is broken, it is possible to climb up to 1200$.
Let's see what happens
This is not financial advice ( DYOR )
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