- Greetings my fellow traders after a long break
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- there is a bull flag shown in the chart and there is 2 possibility in my opinion as the price has been stuck between 37300$ and 38200$, at the moment price is getting to close to the end of the flag, first possibility is breaking resistance 38200$ which is also the top of the flag and grow as much as the first wave even though Optimistically price can reach to 42500$-43000$.
- second possibility would be seeing the price drop from this area or breaking the flag towards bottom which in this case we can optimistically see the price reaching 33500$, 31300$ or even 29500$.
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- support levels that we are going to meet will be: 31500-32000 and dynamic support that had saved the price in it
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- my personal opinion is still 50-50 and I rather not trade in triangles which is considered as no trade zone.
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- good luck my dear traders