Good Morning Bitcoiners,
The price still maintaining the consolidation as the main subject in order to benefit the buyers and potentially new higher low's in the 3 day char or in the daily chart.
The daily chart still showing the consolidation taking place and the $550,22 is the support area that can be use as a reference in case the seller manage to take control and push the price downwards. The price has a lot of work on the left hand side and if the up trend wants to continue, the buyer need to absorb every single seller in order to push the price above the consolidation and above the $595,00 area.
The 12 hours chart shows that the last Higher Low didn't manage to penetrate the $595,00 area and instead, we have a new price fluctuation in between $558,00 and %582,10. This fluctuation can continue until the volume from buyers or seller appears. So far the only one getting the benefits of this consolidation is the buyer.
The 240 minutes chart shows a Lower High in formation and at the same time the price shows that this particular pattern can fail and turn it self into a new Higher Low that can push the price towards %582,00 and above. If price reaches the $595,00 area, we will see a reaction from the sellers and the volatility will increase.
