The second scenario is very logical
In fact, the 19,850 resistance was broken without a price correction, and of course, in a short period of time, it seems that the price above 20,000 is not reasonable in this situation, and in fact it is trapped in this range, if this is the case, this high price range 20,000 will be maintained until the end of January, after which the real price correction will take place .
It is expected that based on the support and resistance ranges that are fully aligned with the Fibonacci main lines, this price correction will start first.
Up to the support level of 16,000 and then a small uptrend to the resistance range of 19,850, then again a downward correction to the support range of 14,000. If the support range of 14,000 is broken, it is likely to fall to the support range. 12,000 will continue, and finally, after completing the head and shoulder pattern, we will expect a strong climb to 30,000.
In fact, the 19,850 resistance was broken without a price correction, and of course, in a short period of time, it seems that the price above 20,000 is not reasonable in this situation, and in fact it is trapped in this range, if this is the case, this high price range 20,000 will be maintained until the end of January, after which the real price correction will take place .
It is expected that based on the support and resistance ranges that are fully aligned with the Fibonacci main lines, this price correction will start first.
Up to the support level of 16,000 and then a small uptrend to the resistance range of 19,850, then again a downward correction to the support range of 14,000. If the support range of 14,000 is broken, it is likely to fall to the support range. 12,000 will continue, and finally, after completing the head and shoulder pattern, we will expect a strong climb to 30,000.
