Clear W short formed type spotted on the 12H.
First Target 1880 USD
Second Traget 2040 USD
By drawing fibs from the last top 2043 to 1294 (coinbase prices) we can see that we are currently at 0.5 (1668) the break point of the W
If we break we can expect the price to touch the above targets
if we break 0.5 (1668) we can expect to see some resistance and some kind of pause of the move on the 0.618 (1757) possible we will have a retest of the 0.5 (1668)
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
First Target 1880 USD
Second Traget 2040 USD
By drawing fibs from the last top 2043 to 1294 (coinbase prices) we can see that we are currently at 0.5 (1668) the break point of the W
If we break we can expect the price to touch the above targets
if we break 0.5 (1668) we can expect to see some resistance and some kind of pause of the move on the 0.618 (1757) possible we will have a retest of the 0.5 (1668)
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Comment:
first target hit expect a retrace before continuing