Yesterday’s daily hammer pattern is potentially very bullish – however the price needs to breach 6370 (as per Coinbase) for it to confirm and play out. This level has been a key support and resistance level over the past month and coincides with diagonal resistance.
Above 6370 a new higher low will be confirmed on the daily chart. Failure will however mean the 4-hour downtrend continues.
Above 6370 a new higher low will be confirmed on the daily chart. Failure will however mean the 4-hour downtrend continues.