This is a suitable level for buyers to re-attack the resistance level of the $79 range.
According to the studies done on the chart and the formed waves, the power is in the hands of the buyers and the possibility of the price crossing the level of $79 is very high.
Therefore, according to the buying pressure, the price range of $77 can be a good entry point for buying again.
In the opposite scenario, the price should first strongly test the level of $75 and a serious pressure of supply on demand can be observed at this level.
According to the studies done on the chart and the formed waves, the power is in the hands of the buyers and the possibility of the price crossing the level of $79 is very high.
Therefore, according to the buying pressure, the price range of $77 can be a good entry point for buying again.
In the opposite scenario, the price should first strongly test the level of $75 and a serious pressure of supply on demand can be observed at this level.