4 hour symmetrical triangle forming, more downside to come?
10 MA in Orange.
20 MA in Pink.
50 MA in Green.
100 MA in Yellow.
200 MA in Red.
200 in Blue.
Area's to watch on the downside:
-100 day MA (currently around 9800.)
-.886 fib around 9500.
-20 week moving average (currently around 8600.)
Area's to watch on the upside:
-0.382 fib level near 11,100.
-10/20/50 daily MA confluence around 10,800.
-0.5 fib level near 10,700.
I also just opened my own free telegram channel for those interested (I post my thoughts and trades): https://t.me/joinchat/AAAAAFInF0WGGqFKra...
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
-As a side note, if you would like to support a college kid and the TA I do, I accept BTC /ETH/LTC/ USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :)