Price broke out of the green trendline and got stopped at resistance at 7600~.
It went for another attempt at that level, broke out, and then fell back down creating a fake break.
Approaching that level again to retest, and then expecting a drop into 4000~.
We find long term trendline support and the 78.6.% fib level.
Considering it broke out of the green trendline, the bias is to the upside long term.
It went for another attempt at that level, broke out, and then fell back down creating a fake break.
Approaching that level again to retest, and then expecting a drop into 4000~.
We find long term trendline support and the 78.6.% fib level.
Considering it broke out of the green trendline, the bias is to the upside long term.