After somedays of bearish markets, the charts approach at 50 percent fibonnaci retracement level. let see what happens as it is near a minor resistance. I postulate that it will bounce off the resistance as a support.
After a sharp drop on 03/09/2020, Nas100 went into a major price correction pullback and traded witha channel downtrend to hit a level that has acted as a support and resistance somewhere July and August this year. After hitting the level as a support twice, Nas100 has now set up another channel trading upwards in the last 10 days. Its nearing a minor resistance...
Bitcoin is now consolidating towards a break out. It has formed a triangle which has previously been formed earlier this year and broke out to the top, per analysis break out is assumed to occur on or before 14th October 2020, with a 65 percent long trade.
