As I have drawn all the important support and resistance key levels, the trend from here is looking bullish but only in following case:
- The candle which I have circled has opened above the monthly level at 1346 sats. The candle has also wicked below this level and it was rejected, indicates that this level is a support.
Now this candle has to break the upper trend line resistance at 1455-1460 zone, if it wicked past this level and a new candle is formed above this level then the move will be bullish from there and we can see a 20 to 25 percent rise.
If you have any questions u can ask me in the comments section.
Trade save.
- The candle which I have circled has opened above the monthly level at 1346 sats. The candle has also wicked below this level and it was rejected, indicates that this level is a support.
Now this candle has to break the upper trend line resistance at 1455-1460 zone, if it wicked past this level and a new candle is formed above this level then the move will be bullish from there and we can see a 20 to 25 percent rise.
If you have any questions u can ask me in the comments section.
Trade save.