Noticed that price action is tracing a bearish DESCENDING TRIANGLE, having an $18.0K to 19.0K shaded support area.
$18.0K to $19.0K support area can be based from Nov to Dec 2020 previous price action.
Based from “Technical Analyis ONLY”, price action might trace down to the next minor supports of $17.0 K, $16.2 K or worst, to major support of $12.0K
Use Dollar Cost Averaging when buying.
1. If price action breaks the support area, Good to buy at around $17.0K, $16.2 K and 12.0K
2. If price action breaks the resistance and form a retest, safe to buy at around $25.0 K, same as at around $32.3 K.
$18.0K to $19.0K support area can be based from Nov to Dec 2020 previous price action.
Based from “Technical Analyis ONLY”, price action might trace down to the next minor supports of $17.0 K, $16.2 K or worst, to major support of $12.0K
Use Dollar Cost Averaging when buying.
1. If price action breaks the support area, Good to buy at around $17.0K, $16.2 K and 12.0K
2. If price action breaks the resistance and form a retest, safe to buy at around $25.0 K, same as at around $32.3 K.