As we saw by the past this market is strongly emmotional, but we bounced on the 0.618 retrace of the enormous upside, then tested the 0.786 retracement.
I hilighted in the chart the mains levels to retest.
I expect a strong resistance in the red box to protect further gains. the price was already rejected previously at this zone.
I think there will be more consolidation before a retest, a breakout will lead to retest the highs of the previous upside.
the main support is at 0.0016 level, a breakdown will lead to more losses.
RSI is suggesting more upside.
Let's see
I hilighted in the chart the mains levels to retest.
I expect a strong resistance in the red box to protect further gains. the price was already rejected previously at this zone.
I think there will be more consolidation before a retest, a breakout will lead to retest the highs of the previous upside.
the main support is at 0.0016 level, a breakdown will lead to more losses.
RSI is suggesting more upside.
Let's see
Comment:
support break, going to the previous 0786 retracement