The price did not manage to roll back to the resistance level of 8300 and now it is most likely that the price will go down after touching the resistance line.
The goal remains the support line on 7789 USD.
Bullish Momentum is slowing down but it is not so scary yet
Price is testing 23.6% Fibonacci on 4hrs chart so we can expect a short time bullish move
If price will not recover and Dynamic resistance on 1D chart will not show any retrace so we can expect a move to the next 38.2% Fibonacci level on 1D chart which is 7154 USD
RSI Synthetic indicators show some bearish move so we need to wait for a flattening curve on 1W chart at least, before entering a market for a long trade
Cheers. Trade with care!
The goal remains the support line on 7789 USD.
Bullish Momentum is slowing down but it is not so scary yet
Price is testing 23.6% Fibonacci on 4hrs chart so we can expect a short time bullish move
If price will not recover and Dynamic resistance on 1D chart will not show any retrace so we can expect a move to the next 38.2% Fibonacci level on 1D chart which is 7154 USD
RSI Synthetic indicators show some bearish move so we need to wait for a flattening curve on 1W chart at least, before entering a market for a long trade
Cheers. Trade with care!