Here's what I'm looking at.
I still think $4100 is on the table for a bottom. Reason being, there's multiple levels of confluence there.
1) If you take the AVWAP from the Jan 2022 highs, it comes to around $4100
2) It's a horizontal level
3) It's roughly the measured objective of the Head and Shoulders break down
4) It's also coming in around the 0.618 fib level.
Of course there will be levels of support along the way, one being the current $4260 area.
This $4260 area is also a confluence of support with
1) It's a horizontal level on the weekly
2) The 200EMA on the Daily chart
3) The AVWAP from the recent March 2023 lows.
Either we see a bounce and recovery from here ($4260 area) or if we break lower we'll see 4100.
For now, I still think $4100 may be the low for this correction.
I still think $4100 is on the table for a bottom. Reason being, there's multiple levels of confluence there.
1) If you take the AVWAP from the Jan 2022 highs, it comes to around $4100
2) It's a horizontal level
3) It's roughly the measured objective of the Head and Shoulders break down
4) It's also coming in around the 0.618 fib level.
Of course there will be levels of support along the way, one being the current $4260 area.
This $4260 area is also a confluence of support with
1) It's a horizontal level on the weekly
2) The 200EMA on the Daily chart
3) The AVWAP from the recent March 2023 lows.
Either we see a bounce and recovery from here ($4260 area) or if we break lower we'll see 4100.
For now, I still think $4100 may be the low for this correction.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。