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The price is trying to bounce of the MA100 and an uptrend line, the bounce seems week, maybe it will go to the downtrend and previous resistance at 18k. The yellow zone is important, if it breaks the downtrend it can go to 12k and if it breaks the uptrend it will test previous ATH 0.61% .
Looking at the daily chart (not the one above), we can see that the DMI is...
I'm expecting it to go down to 18k in the following hours, then maybe a retest of resistance, or it could go even further to touch support line, afterwards it will retest resistance again and probably break up 19k.
Why?, 19k is strong resistance, also it touched resistance line of the channel, indicators also indicate that it needs a breath to break strong...
