We see a possible pattern emerge with indecision currently where the daily candle body is between the 55 EMA. If successfully closes above it with volume and with a bullish candle, a scenario is possible. This setup assumes a double top scenario. There is a 50% chance though as traders we must plan ahead for setups such as these to have multiple opportunities ahead of time.

There is also a bearish opportunity where it breaks the trend line support, falling to the $23.25-$24 ranges, where the previous supports are based on price action and resistance.





Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

Please consider these videos:

Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex

Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy

Lesson 3- Let's learn Moving Averages

Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy

Lesson 5 Let's Learn MACD and Histogram

Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging

Lesson 7 Let's Learn Basic Risk Management

Lesson 8 Let's Learn Fibonacci Retracement Part 1

Lesson 9 Let's Learn Fibonacci Extension Part 2

Lesson 10 Quick Intro to Analyzing Level 2

Lesson 11 Introduction to Laddering

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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.