A longer-term bull restoration would be confirmed if prices break up the bearish lower high of $4,252 made on the Christmas day.
It is stating that a break above $4,252 would also approve an inverse head-and-shoulders breakout, which fundamentally characterizes a positive changeover from the bearish lower high-lower low pattern to the bullish higher low-higher high pattern.
The breakout would open the doors to $5,100
Technical indicator StochRSI is move at 63 Level. Indicating a bull continuation
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Hit like and Follow
Cheers,
It is stating that a break above $4,252 would also approve an inverse head-and-shoulders breakout, which fundamentally characterizes a positive changeover from the bearish lower high-lower low pattern to the bullish higher low-higher high pattern.
The breakout would open the doors to $5,100
Technical indicator StochRSI is move at 63 Level. Indicating a bull continuation
***********************
Hit like and Follow
Cheers,