As per my last analysis here, we were looking for buy setups around 0.177 support.
The bulls took over by breaking above our gray last high and traded higher.
We even broke above the upper trendline and last major high in red.
We are now retesting the last major high, so we will be looking for new trend-following buy setups.
For the bulls to take over again, we need a break above the orange trendline and last high in gray.
Meanwhile, if the bears mange to break back below the red zone, expect further bearish movement till the blue support again.
💻 Listed on CMC, CoinGecko, CryptoAdventure
💰 World's Largest Crypto Copy Trading Platform
📈 Powerful and Unique Quanto Swap Contract
⭕️ Licensed in four different countries
Create an account through the below link:
For 20% discount on trading fees
https://cutt.ly/Bitget
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
