Hi dear traders
After a bullish jump above the 4000$ resistance, it has now formed an bullish wedge. To reach resistance of 4200$ and above, it is necessary to go back and retest the support area of โโ3900$ and maybe the specified support area. We better wait for the pattern to be approved. Otherwise, it can continue its upward movement with an upward failure.
Good luck.
After a bullish jump above the 4000$ resistance, it has now formed an bullish wedge. To reach resistance of 4200$ and above, it is necessary to go back and retest the support area of โโ3900$ and maybe the specified support area. We better wait for the pattern to be approved. Otherwise, it can continue its upward movement with an upward failure.
Good luck.
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