Bitcoin has broken back above $4,000, currently trading around $4,020 on Coinbase. It also appears to be approaching the upper resistance line of a larger wedge.
Shorts have been rapidly dropping while longs are slowly rising.
Looking at EOS, we can see it broke up and out of the wedge it had been consolidating in. It’s approaching the prior high around $4.53 and showing signs of a possible double top.
In today’s analysis I discuss where prices may be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
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