Time Frame: 4H
After the big push that happened not so while ago, we can again recognize ranging market right now. The range is limited by the resist and the support zone.
But what's interesting for this pair and where we can expect the breakout?
The most interesting thing about the bitcoin now is the price action that is market with the big circle. After the push to the downside, the price again came up to the previous high of the structure. Within that push to the upside, we can recognize bullish pattern that just finished at the resist zone. Bullish flag is quite a possible in that area to perform. If that flag perform itself, then the price is most likely to break above the resist zone and continue to the upside creating new highs of the upcoming structure. :v:
After the big push that happened not so while ago, we can again recognize ranging market right now. The range is limited by the resist and the support zone.
But what's interesting for this pair and where we can expect the breakout?
The most interesting thing about the bitcoin now is the price action that is market with the big circle. After the push to the downside, the price again came up to the previous high of the structure. Within that push to the upside, we can recognize bullish pattern that just finished at the resist zone. Bullish flag is quite a possible in that area to perform. If that flag perform itself, then the price is most likely to break above the resist zone and continue to the upside creating new highs of the upcoming structure. :v: