Yesterday, the price hit the support and resistance zones provided. The followers who kept up definitely made gains. Today's view The price broke below the neckline at 3420 without reclaiming it, forming a new trading range between 3420 and 3360. Within this range, traders can buy low and sell high. As long as it doesn't fall below the 0.618 Fibonacci retracement of this upward trend, around 3306, the short-term trend remains bullish. On the larger cycle, the price is oscillating within a 3194-3480 range.
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Yesterday's review
Yesterday, the price hit the support and resistance zones provided. The followers who kept up definitely made gains.
Today's view
The price broke below the neckline at 3420 without reclaiming it, forming a new trading range between 3420 and 3360. Within this range, traders can buy low and sell high. As long as it doesn't fall below the 0.618 Fibonacci retracement of this upward trend, around 3306, the short-term trend remains bullish.
On the larger cycle, the price is oscillating within a 3194-3480 range.