Seeing strong resistance at fib 0.618 rejected 4 times, bear flag formation, failing to break upwards will retest ema200 again around 7800-7900$ if breaches will seek next fib level (0.786) at 6322.28$.
If 0.618 is validated as a support equally strong as it was a resistance, it will open soon for a nice short term uptrend...Closely watching price action above 9129$ level
seeing bull pressure over MACD and RSI, 10500-10700 may be on sight
Watch Elliot waves for impulse signs
Trade closed: target reached:
Closed, updating perspective over next idea.
Seems that upwards breach of fib 0.618 was fake, and that bear flag was true...
Going down to re-test 8200$ and 7800$...
0.786(6322.38$) Fib seems an attainable target now, got buy's spread all across it.
Everything happened as expected...fib 0.786 nice place to have buy's... :D