The Crypto is trading in a range at lower levels. The Crypto is consolidating between 51.73-50.57, we need to wait for the Crypto to break beyond this level, if the Index is able to break on either side, following are the conditions which need to be followed.

If the breakout is on the upside the Crypto has to close above 51.73, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Crypto has to close below 50.57 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

Rectangle Formation

Jul 15 2022