The bulls have dominated the market for the past few days. A 40% growth in 10 days can surely be interpreted positively, but it’s important to examine all scenarios.
Technical Analysis
By Grizzly
The Daily Chart
The price is currently stuck below the resistance zone on the daily time frame, as shown in the chart. This zone ranges from $1300 to $1500 (in red) and was expected to provide solid support during the sharp collapse earlier in June – which it obviously failed to…
Source link
