DOWN WE GO!
From my technical analysis i am looking for price to hit $4! Reason for this is price smashed through a good level of support (red zone) Price has now been and retested this broken support as resistance both yesterday and today, this is confirmation of more downside moves to come for me.
We can also see we had a strong trendline formed which also...
I am currently waiting on this weekly candle to close in 7 hours from the time of this post! If the weekly candle closes in or above my purple zone then more upside moves should happen as this is a key psychological level as you can see it has been used many times before mostly as support with each touch in this zone creating massive bounces to the upside.
On the...
We could see a massive move down if price can not hold $19000 support (Orange zone) This is a key level because you can see it was used all the way back in 2017 as strong resistance before price bounced off it and pushed back down!
Now this level ($19000) was used as strong support 5 times in a row just over a month ago and so far this weeks candle is very...
