There is still no strong demand

16 Feb 2023

For the trend to be bullish, strong bullish candles need to be closed above the $50 resistance zone, to expect further price increases. As long as the specified support level in the range of 41-42 dollars is maintained, we can expect that the direction of the price exit from the range channel will be from above. But in case of selling pressure and price reduction, the first level of support and target for sellers will be in the range of 38-39 dollars.