• November 21- November 22 descending trend line was already broken and turned from resistance into support
• Back in March we can see a bullish crossover between the 200 and 50 Moving Average, a bullish signal and they are both pointing upwards
• Since Jan 23, we are trading inside an ascending channel and prices are spending more time in the upper limit of this channel, which means bulls are dominating and keep pushing prices higher.
• Next resistance is 33000 and 34500, bulls need to overtake those 2 levels to keep the rally healthy and intact
• Back in March we can see a bullish crossover between the 200 and 50 Moving Average, a bullish signal and they are both pointing upwards
• Since Jan 23, we are trading inside an ascending channel and prices are spending more time in the upper limit of this channel, which means bulls are dominating and keep pushing prices higher.
• Next resistance is 33000 and 34500, bulls need to overtake those 2 levels to keep the rally healthy and intact
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
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♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading