Choppy Waters. Clearer after weekly candle closes
Resistances
At the moment the largest block of resistance price will encounter on the way back up is from $6750-6850. This lines up with the previous level of breakout and the .618 fib.
Should we see price break above $6850 on a significant time frame, the next level that will give price trouble will be from $7.1-7.2k.
Supports:
At the moment price is attempting to hold above the support level from $6.3-6.4k, created by the previous 4H bullish order block and the .618 fib.
A close below 6.3k on significant time frames (>4H) will likely lead price back to test $6100-6150.
At the moment the largest block of resistance price will encounter on the way back up is from $6750-6850. This lines up with the previous level of breakout and the .618 fib.
Should we see price break above $6850 on a significant time frame, the next level that will give price trouble will be from $7.1-7.2k.
Supports:
At the moment price is attempting to hold above the support level from $6.3-6.4k, created by the previous 4H bullish order block and the .618 fib.
A close below 6.3k on significant time frames (>4H) will likely lead price back to test $6100-6150.
Penafian
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