The price first managed to grow to the price of $ 52,000 by forming a pattern and breaking the price from above and completing the pullback, starting with the upward trend, which has not been able to return to the uptrend with the resistance of the uptrend in the opposite direction and the beginning of the downtrend. In such cases, buying is not recommended unless...
According to the previous price behavior and price correction by reaching the resistance line according to Fibonacci
I expect that the price will react to the support line according to the demand within the specified range and the price will rise up to the specified range.
This analysis is a personal opinion and there is no signal to buy or sell
According to the dynamic trend line, support and resistance points have been determined that the loss and profit limits will be activated due to the failure and the price reaching these ranges.
The $ 50,000 price range for Rand numbers and 68% Fibonacci psychological resistance is in this range.
In previous analyzes, the support range was specified, in which the price was supported
This support range is the most important range in this market situation that if this support is lost, the next support range can be 22 thousand dollars and even 19 thousand dollars.
Resistance points are also determined according to Fibonacci