The price reacted to 0.85 with high resolution, but not before taking all potential stop orders around the area.
We are on da way towards .86 where lies what seems to be a Breaker also acting as a Rejection Block. This block was part of the last top-side stophunt. Hence, there is no reason to go higher again.
Potential Target can be identified clearly from Monthly chart. There is a significant liquidity induction at .82 level and I believe it to be the most optimistic target here, yet still realistik!
We are on da way towards .86 where lies what seems to be a Breaker also acting as a Rejection Block. This block was part of the last top-side stophunt. Hence, there is no reason to go higher again.
Potential Target can be identified clearly from Monthly chart. There is a significant liquidity induction at .82 level and I believe it to be the most optimistic target here, yet still realistik!