Prive Volume Analysis - $77 - $78.50 range is possible
if we have price /volume comparison, it's pretty obvious that market likes the price between following ranges based on volume:
1. 67-69 range
2. 70 - 71 range (current range)
3. 70 - 72 range
based on last one year data,I think 77 to 78.50 range is actually where more trades took place than 70 - 72 range.
given this scenario, I think if we get some decent volume and some good news price will easily touch 77 - 78.50 range.
I am still pretty bullish on this asset, as it's holding it's position very well.
p.s: please note these are my own notes and by no means trading advise to anyone. please do your own research before entering into any trade.
1. 67-69 range
2. 70 - 71 range (current range)
3. 70 - 72 range
based on last one year data,I think 77 to 78.50 range is actually where more trades took place than 70 - 72 range.
given this scenario, I think if we get some decent volume and some good news price will easily touch 77 - 78.50 range.
I am still pretty bullish on this asset, as it's holding it's position very well.
p.s: please note these are my own notes and by no means trading advise to anyone. please do your own research before entering into any trade.