Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks!
The reason this is still bullish:
Where things can go bearish:
The reason this is still bullish:
- We had a golden cross plotted
- We are still in the rising wedge
- We bounced off the wedge and closed above
39K indicating a reversal - We have a mild support around $38,600 were we consolidated around couple hours
- Currently we are still above 39K a push pass $39.5 would be extremely bullish
Where things can go bearish:
- If we dip below the rising wedge
- Falling below $38,000 can lead to test the next support at $37,500 area
- The RSI is getting close to the Overbought range
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