The last weekly candle was ugly rejected and closed under the major resistance (9800$). The key levels of supports in weekly TF are MAs (50, 100 & 200).
On daily TF, If the MA 50 broken (8980$) and reclaim the resistance then go down to the next major support MA 200 on WTF (7300$).
IMO the MA 200 on WTF (7300$) will the key support for rebound and will start a bullish trend to new ATH (12000$).
______________
This is not financial advice, do your own research!
On daily TF, If the MA 50 broken (8980$) and reclaim the resistance then go down to the next major support MA 200 on WTF (7300$).
IMO the MA 200 on WTF (7300$) will the key support for rebound and will start a bullish trend to new ATH (12000$).
______________
This is not financial advice, do your own research!
Comment:
The Ichimoku on weekly TF is validating that trend will be flip to down and the key support will be at the bottom of the cloud area (7100-7300).
