AE/BTC (Retest of Previous Resistance?)

AE/BTC

-Aeternity is almost back at previous trading channel
-Since the strong pump up to 2400 sat level
-Where do we expect to see a reaction bounce up?
-The area between 1700-1600 is ideal for a potential reaction
-This zone is a confluence of previous resistance zone & 200D MA support
-Take note also of the upward trendline of support
-This will give extra confirmation that this level is important
-I will always recommend waiting for a bullish reaction at key areas
-If the level will react to turn into new support territory
-Always let the trade come to your