This setup currently worries me. Could be good for alts!
We have had a nice impulse of roughly 50% to the upside and now we have seem to of broken upward support as we start to shift towards the right under previous high.
Candles are compressing for a lot of indecision under horizontal Resistance and the upward old support which is now acting as Resistance.
$215 would see like a good price to try and fire long on a breakout to the upside, for now I'm bearish.
If we crack and drop we could see it head towards that previous low of support.
Notice the history marker at bottom of support when I fired long!
Click it and press play.😉
Good luck, have an awesome day!
🥇MLT | PRO TRADERS
We have had a nice impulse of roughly 50% to the upside and now we have seem to of broken upward support as we start to shift towards the right under previous high.
Candles are compressing for a lot of indecision under horizontal Resistance and the upward old support which is now acting as Resistance.
$215 would see like a good price to try and fire long on a breakout to the upside, for now I'm bearish.
If we crack and drop we could see it head towards that previous low of support.
Notice the history marker at bottom of support when I fired long!
Click it and press play.😉
Good luck, have an awesome day!
🥇MLT | PRO TRADERS