1 Week Chart
We are breaking an upward Falling Wedge and the price has rebounded on the Average 200 (Blue line) and also on the Average 100 (yellow line) confirming the strength of the index.
Let's evaluate the 3 possible options:
a) The price after a strong climb, takes profit and returns to the $ 3.8k - $ 3.9k zone on the support and then rebounds and forms a bullish weekly low
b) The price continues its growth by breaking the current resistance towards $ 5k
c) The price collapses towards the previous historical supports canceling all the current growth.
Is the bear market gone?
We are breaking an upward Falling Wedge and the price has rebounded on the average 200 (Blue line) and also on the average 100 (yellow line) confirming the strength of the index.
Let's evaluate the 3 possible options:
a) The price after a strong climb, takes profit and returns to the $ 3.8k - $ 3.9k zone on the support and then rebounds and forms a bullish weekly low
b) the price continues its growth by breaking the current resistance towards $ 5k
c) The price collapses towards the previous historical supports canceling all the current growth.
And what do you think?
LPI.sa
We are breaking an upward Falling Wedge and the price has rebounded on the Average 200 (Blue line) and also on the Average 100 (yellow line) confirming the strength of the index.
Let's evaluate the 3 possible options:
a) The price after a strong climb, takes profit and returns to the $ 3.8k - $ 3.9k zone on the support and then rebounds and forms a bullish weekly low
b) The price continues its growth by breaking the current resistance towards $ 5k
c) The price collapses towards the previous historical supports canceling all the current growth.
Is the bear market gone?
We are breaking an upward Falling Wedge and the price has rebounded on the average 200 (Blue line) and also on the average 100 (yellow line) confirming the strength of the index.
Let's evaluate the 3 possible options:
a) The price after a strong climb, takes profit and returns to the $ 3.8k - $ 3.9k zone on the support and then rebounds and forms a bullish weekly low
b) the price continues its growth by breaking the current resistance towards $ 5k
c) The price collapses towards the previous historical supports canceling all the current growth.
And what do you think?
LPI.sa