We have now set a very minuscule almost invisible higher high on the hourly, the 4 hour still to set a higher high. We are now also bouncing off the orange sloping resistance line looking to breach it or re-test in the next hour.
What else does this mean, do we short do we go long, i would say its good for the bulls, if and only if we see a higher high on the 4h, but the prospect of keeping the momentum going is again posed another wall at 11400-11500 we sure to ping-pong around that area again before getting past it.
As always Trade Safely, Happy Trading!
Sidenote: I been pondering earlier today that our ideas and analysis affect a whole lot of decisions worldwide, hence i will from now forth leave this here. This is by no means financial advice please do your own due diligence before investing in crypto.
What else does this mean, do we short do we go long, i would say its good for the bulls, if and only if we see a higher high on the 4h, but the prospect of keeping the momentum going is again posed another wall at 11400-11500 we sure to ping-pong around that area again before getting past it.
As always Trade Safely, Happy Trading!
Sidenote: I been pondering earlier today that our ideas and analysis affect a whole lot of decisions worldwide, hence i will from now forth leave this here. This is by no means financial advice please do your own due diligence before investing in crypto.
