From my point of view, we have a possible double top happening on 1h graph. As we can see, we have support 8550-8555. If we are able to close and stay above that line, we could see some relief, I don't think with all the news that we will see some strong up trend, more relief and then again testing support.
if we are not able to close above, next support from my point of view is 8330-8360 , an then we are going all down to 8170. I am almost sure that price will go down more, but lets see how this douple top will play out
Disclaimer: I am a noob, this is for learning purposes
if we are not able to close above, next support from my point of view is 8330-8360 , an then we are going all down to 8170. I am almost sure that price will go down more, but lets see how this douple top will play out
Disclaimer: I am a noob, this is for learning purposes
Comment:
as we can see, we didn't close it above support, and we had selloff. since it is Friday, nobody will risk over the weekend, it can be easily possible to go all way down to 8350, maybe even 8280
