Heavy resistance between 40k and 42k.
A level which lines up with the 0.382 fib retracement of the recent crash from 59500 to ~30K.
Should we be able to break it, a target of approx 50K is possible - which matches the golden pocket (0.618 - 0.65).
If we get rejected, we may form a Range between 30k and current resistance.
A level which lines up with the 0.382 fib retracement of the recent crash from 59500 to ~30K.
Should we be able to break it, a target of approx 50K is possible - which matches the golden pocket (0.618 - 0.65).
If we get rejected, we may form a Range between 30k and current resistance.