-Resistance at 50% red fib line
-Next support at 38.2% green fib line
-50MA moving closer down towards 200MA
-Trend reverses to downside under 23.6% yellow fib line
If Price Action can move above $2.3k, then probabilty we see more upside is high. Key level is 50% red fib line (resistance), once above that level and in return level confirms support, then we can say trend is shifting to the upside.
Now, one thing must keep in mind, 50ma is moving closer to 200ma, that's a bearish signal that can't be ignored, let see how it plays out this coming week.
If you like my chart, and want to see more, hit the like button, Thank You!
-Next support at 38.2% green fib line
-50MA moving closer down towards 200MA
-Trend reverses to downside under 23.6% yellow fib line
If Price Action can move above $2.3k, then probabilty we see more upside is high. Key level is 50% red fib line (resistance), once above that level and in return level confirms support, then we can say trend is shifting to the upside.
Now, one thing must keep in mind, 50ma is moving closer to 200ma, that's a bearish signal that can't be ignored, let see how it plays out this coming week.
If you like my chart, and want to see more, hit the like button, Thank You!