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.
Predictive Analysis and Forecasting
If interested to receive my TradingView forecast instantly through Twitter:
Simply follow me: @4xForecaster.
Here is a recent forecast:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of , classic , basic and trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
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.