On the weekly timeframe, the price is testing the dynamic support.
On the daily timeframe, the price had a breakout from the dynamic support and now the price is testing the previous support as new resistance.
On the 4h timeframe the price had a breakout from the falling wedge and now it's trying to create a new higher high.
How we can approach it?
For a bullish scenario, the price needs to create a new higher high from that area above the 0.5 Fibonacci level (41k) with volume and momentum.
IF the price is going to lose the 4h support we could see a new bearish impulse until the next demand zone
Comment:
7.77%
Comment:
The price followed my drawing and reach my arrow.
Everything was as expected.
MTB and CPS satisfied
Clear 10%
Everything was as expected.
MTB and CPS satisfied
Clear 10%
3.91%