The chart shows the four leg-down with their retracements.
In the first retracement is labelled the bull trap it occurred when the price exceeded the 0.618%
The current leg-down is still developing
In the first retracement is labelled the bull trap it occurred when the price exceeded the 0.618%
The current leg-down is still developing
Nota
Using the tool Trend-Based Fib Extension to project the end point of the current leg down two possible points appears (labelled with a green flag)0.618% 5889,5
0.786% 5178
Nota
Descending Triangle And key levels in the short term S/R (green line/red line)Nota
The price is testing the triangle's base for third time Nota
$600k is holding, for now, but every test makes weaker the supportNota
The support ($6000) still holding Nota
Commented on August 9th.Using the tool Trend-Based Fib Extension to project the end point of the current leg down two possible points appears (labelled with a green flag)
0.618% 5889,5
0.786% 5178
Nota
The most relevant patterns Nota
Fibonacci retracement
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.