A lot of support, including 50% fib (not shown) of the move since 17th of september.
Comment:
But this strong support failed - not a very good sign. Now the uptrend since sept 15th looks corrective and a big drop to the downsite seems possible.
At 2600 $ the 200 day MA meeets a possible c = 76% of a (with a being the drop from 5000 to 3000 $).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
At 2600 $ the 200 day MA meeets a possible c = 76% of a (with a being the drop from 5000 to 3000 $).