Price has fallen to upper $7K regions.
Things to keep in mind for BULLs, the drawn parallel channels have been respected really well and the price is at support region on a descending channel, which usually breaks up.
Golden ratio region has been hit, 61.8% to 65% pullback from the last significant high.
There is a gap from CME futures chart that starts at 9.1K, and these gaps have been filled most o the time.
From a BEARISH perspective, the loss of major supports show a lot of weakness and many are not resistance region. The next big support is around 7.2K region.
Stay safe and happy trading :)
Things to keep in mind for BULLs, the drawn parallel channels have been respected really well and the price is at support region on a descending channel, which usually breaks up.
Golden ratio region has been hit, 61.8% to 65% pullback from the last significant high.
There is a gap from CME futures chart that starts at 9.1K, and these gaps have been filled most o the time.
From a BEARISH perspective, the loss of major supports show a lot of weakness and many are not resistance region. The next big support is around 7.2K region.
Stay safe and happy trading :)
Smart Crypto Association [ SCA ]
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Smart Crypto Association [ SCA ]
Penerbitan berkaitan
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.