Possibilities
-Break under 45k zone on a SOW; next zone 40k
- Holding 45-46k area support; another attempt for price to go upward anticipated ( especially if break upside 52k and hold)
- Break upside 58-60k zone on strong demand and absorption of supply at the retest of the zone = Next target -> 70k and higher if. Demand has been in power for months now
Expect another attempt upward and more testing of the 58k, and there it would be really interesting to monitor what is happening into this area, as well for entry opportunities or learning if you addicted like me to this shit.
. Long-term, I expect a move back to 15-25k zone to go re-accumulate. But before this happening, considering how strong the demand has remained for the last months, and how price reacted into the yellow rectangle that represents a 13 days time period. It will go test higher, and would have to start a distribution cycle before doing so.
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