Initial rejection in play.
Price has been rejected four times at this level, weakening the resistance zone over time.
The dark grey resistance area needs to be taken out by the bulls for any sustained upside movement.
Given the repeated tests, this zone will likely break sooner rather than later.
Just to be clear I’m not leaning bearish.
This still looks like a potential breakout setup in progress.
Chart structure > Noise.
Let’s see how the price reacts next.
Do hit the like button and share your views in the comment section!
Thank you
#PEACE
Price has been rejected four times at this level, weakening the resistance zone over time.
The dark grey resistance area needs to be taken out by the bulls for any sustained upside movement.
Given the repeated tests, this zone will likely break sooner rather than later.
Just to be clear I’m not leaning bearish.
This still looks like a potential breakout setup in progress.
Chart structure > Noise.
Let’s see how the price reacts next.
Do hit the like button and share your views in the comment section!
Thank you
#PEACE
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Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Penafian
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Daily Signals:- telegram.me/thecryptorphic
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.