I accept the last price in the falling chock as the price that buyers refuse to drop
. I have to think about what I would do if I were a whale. Is it possible to retract this money to the 9000 ~ 10000 band with a strong dump? I think it's possible. But it is possible to see that there are buyers who want to keep this value up in the falling chock. Since the beginning of August, fibo has tried the 0.382 level for the second time. If the falling wedge
breaks its upper trend, I think this time it can reach 12800 resistance. Then I think it will rise to the depth of the bowl.
Another factor is staying above Sma
200 makes me feel safer. It looks like it will snap back into place.
This is an amateur work. It is not investment advice. I wish everyone a lot of profit.