Observed symmetric triangle in progress.
Current price drop could be supported at the previous long-term bearish trend line along with the support zone where 50, 100, 200 EMAs are.
However, found a clue from broken RSI channel which could mean EMAs I suggested above could be broken any time soon. Seems like it is more likely to find support at the short-term bullish trend line (indicated in bright green).
If lost SL at early $ 6,500s.
If lost, that would be a great entry point for those who short and for those who long, probably have to wait till retesting the longer-term bullish trend line (indicated in darker green).
Current price drop could be supported at the previous long-term bearish trend line along with the support zone where 50, 100, 200 EMAs are.
However, found a clue from broken RSI channel which could mean EMAs I suggested above could be broken any time soon. Seems like it is more likely to find support at the short-term bullish trend line (indicated in bright green).
If lost SL at early $ 6,500s.
If lost, that would be a great entry point for those who short and for those who long, probably have to wait till retesting the longer-term bullish trend line (indicated in darker green).
Nota
Support at short-term bullish trend line confirmed
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.