Fib 0.618 breached, once strong resistance, now has potential for strong support, next target 10k resistance level.
RSI oversold, MACD strong buying pressure, still room to reach the top from PPO perspective.
RSI oversold, MACD strong buying pressure, still room to reach the top from PPO perspective.
Trade active:
Supported tested and standing to bear attacks, 9129.55 holding on...
Comment:
support breached after bearish divergence on 15min chart, if goes below 9k likely to be true breach...
Trade closed: stop reached:
Currently re-testing and breaching previous supports, next @ 8260.24$, loosing it will clear the road to re-test 7800$
However this maybe delayed by very oversold RSI, although selling pressure remains high over MACD.
Short term PPO shows we have reached a "top"over past 45, mins which is a bearish signal....
Next support maybe tested really soon...
Currently re-testing and breaching previous supports, next @ 8260.24$, loosing it will clear the road to re-test 7800$
However this maybe delayed by very oversold RSI, although selling pressure remains high over MACD.
Short term PPO shows we have reached a "top"over past 45, mins which is a bearish signal....
Next support maybe tested really soon...
Comment:
Everything happened as expected...fib 0.786 nice place to have buy's... :D