Price now sitting at the Golden 618 Fibonacci Level (most common level of price reversal) at $8481.
Will it pump or continue its descent?
Upward Breakout Target: $9050 to $9.4K
A continuous downward movement can go back down to the 0.382 Fib level @ $8338 and further down to the 0.272 Fib level @ $8250.
Now awaiting for indicators' ( & ) divergence to provide direction confirmation.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
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Ron (The Intrepid Trader)
This is not financial advice. Do your own TA and use this chart to help you decide what trade you want to make.