Hi dear friends,
According to our last analysis (see below the related ideas), we are still in a with started with a breakout in the downtrend. Since then, we experienced many fluctuations, but the was not ever broken to the down again, and the overall movement has been . We almost moved along the expected trajectory.
Now in the short term, we will have a resistance at ~ $37880, which is in the intersection of a static and dynamic resistance. If we can pass this resistance strongly with confirmation (which I think is very possible, because of what patterns show), we can expect continuation of the movement towards next resistance levels.
Let’s see what happens next,