We are just an hour from 3D candle close!
Even with modest volume we broke mid-term descending structure (bullish).
Also we got rsi pointing upwards, BB %B returning to the bullish zone from below and market cipher bullish fractal.
Being 3 days from weekly close we must close with a good engulfing candle in order to confirm another local uptrend.
Important resistance zone between 56-58.5k
BEAR SCENARIO:
If we bounce back from 58-60k this can be sign of weakness.
DISCLAMER: not a financial advice
Even with modest volume we broke mid-term descending structure (bullish).
Also we got rsi pointing upwards, BB %B returning to the bullish zone from below and market cipher bullish fractal.
Being 3 days from weekly close we must close with a good engulfing candle in order to confirm another local uptrend.
Important resistance zone between 56-58.5k
BEAR SCENARIO:
If we bounce back from 58-60k this can be sign of weakness.
DISCLAMER: not a financial advice