From November to December in 2016; the price ranged between 11297 and 16478 Satoshi making this zone a very nice resistance / support zone for future of this market.
It's more than a month that the price hit that Resistance zone and even after the second attempt at entering the zone being failed, the price didn't drop that much and the price moved based on it's upward trend line . If this continues on, the price will break into this old R&S zone and will get at least up to it's top.
To be able to predict this market, if we look at the RSI , we see that after hitting the resistance, RSI didn't move downward for too much. That makes it more suggestible that the move will continue upward and break this resistance.
It's more than a month that the price hit that Resistance zone and even after the second attempt at entering the zone being failed, the price didn't drop that much and the price moved based on it's upward trend line . If this continues on, the price will break into this old R&S zone and will get at least up to it's top.
To be able to predict this market, if we look at the RSI , we see that after hitting the resistance, RSI didn't move downward for too much. That makes it more suggestible that the move will continue upward and break this resistance.
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