Hello Friends,
The bounce was a nice sight yesterday. But we are still in bearish trend if you take a look at daily and weekly candles. AS you can see in the chart. right now the price is just below fib level 0.236 if the price drops further we could hit 6.4 and see a temporary bounce back to 6.8 - 6.9.
There is also posibility that price might go up in that case next support will be at 6.9k thne 7.1k and 7.3k and finally 7.5k.
7.5k and 6.4k are key resistenace and support level to watch short term.
Thanks and happy trading.
Note this is just educational.
The bounce was a nice sight yesterday. But we are still in bearish trend if you take a look at daily and weekly candles. AS you can see in the chart. right now the price is just below fib level 0.236 if the price drops further we could hit 6.4 and see a temporary bounce back to 6.8 - 6.9.
There is also posibility that price might go up in that case next support will be at 6.9k thne 7.1k and 7.3k and finally 7.5k.
7.5k and 6.4k are key resistenace and support level to watch short term.
Thanks and happy trading.
Note this is just educational.