RED LINE: major resistance line of down trend.
-We need price to punch through this line with authority before we consider the recent price action bullish.
SOLID BLUE LINE: SUPPORT from around 7.3k
SMALL DOTTED BLUE LINE: smaller/ weaker support line
LARGER DOTTED BLUE LINE: possible support if price trends downward from this point.
-large volume
-fib retrace level from 6 to 11.8k & 6 to ATH 20k
BLACK LINE: major support; 2k, 3k, 6k,
-We need price to punch through this line with authority before we consider the recent price action bullish.
SOLID BLUE LINE: SUPPORT from around 7.3k
SMALL DOTTED BLUE LINE: smaller/ weaker support line
LARGER DOTTED BLUE LINE: possible support if price trends downward from this point.
-large volume
-fib retrace level from 6 to 11.8k & 6 to ATH 20k
BLACK LINE: major support; 2k, 3k, 6k,