A quick note here to state the obvious:
The recent target at "TG-1 = 554.65 - 04 MAR" was also defined as support, as the prior analysis had projected targets favored by my predictive analysis and forecasting.
However, the markets are back at it, with fundamental supply of bear-waking news pressing the crupto-currency back into its abysmal cave.
Identifiable support remains strong at the current price (518.00), whereas a rescue support is also identified at 474.10.
A break above 581.62 should concern all bears.
pressure is back at it. Support at 474.10 is strong, and comes as moderate-probability thta price will reach down to that level, before carving a new consolidation in price action.
More on this crypto as technical event or significant price action occurs. The blue dotted arrow defines upper and lower resistance and support areas in the price action which might occur as time unfolds: It does NOT attempt to define a price pathway.
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I'm short tonight...474 would really have me spreading my other buys (406 & 306) a little thin if I covered it.
Your thoughts would be gratefully received.
Thanks a lot,
Given the 474.10 through this system, I would expect price to seek that level and give it validation by consolidation there, if and when current price action carves lower lows.
Hope this helps.