Have a look at the 4Hr technical analysis
Technical points
1. Price broke the downtrend line
by Creating higher lows and higher highs
2. Price then again broke the Uptrend
However series of lower highs and lower lows
are not created yet
However series of lower highs and lower lows
are not created yet
This means we are still in the bullish zone
If the price stays above 49500, then
we are likely to hit 52000 again
If the price broke 48000 and then fail to go higher then 49500
then we are likely to go down to 45500
If the price stays above 49500, then
we are likely to hit 52000 again
If the price broke 48000 and then fail to go higher then 49500
then we are likely to go down to 45500
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