Analyzing The Uptrend In The Crypto Market – Investing.com
- Date: 21-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Analyzing The Uptrend In The Crypto Market – Investing.com
Now that has marginally advanced above major resistance, I lay out what we should be looking for.
The advance off $30,000, which marked the beginning of the current uptrend, has occurred on relatively low volume. This fact puts into question whether this move above resistance can lead to a meaningful advance. Because of the low volume advance, the odds of a pullback here is elevated.
In our recent Bitcoin update, we lay out what to look for in a move above resistance and what to watch out for if we get a pullback. Please click on the link to watch the video.