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MITH/BTC updated Support Zones: Mithril retrace almost done?

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Quick update to my previous plot.
Movement has given new clues and new fibs.
I know it looks like a lot of area, but watch the boundaries.

My previous plot, early in the retrace:
MITH/BTC retrace plot: Mithril mini-bubble? Supports of interest

Nota
Got a nice bounce at the second support zone. syot kilat Looks like Purple fib is still in control. That 4.618 to 3.618 space will be difficult

Close up showing the relevance of the Purple Fib syot kilat it did not account for the current 'bottom' , but that might hint at another leg down.

Zooming in further, we see the Red Impulse/Fib also paying a role and catching the bounce. syot kilat So if the red 5.618 breaks, then we are looking at 980 sats or so where the next confluence of fibs appears.

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Nota
Quite a battle at the resistance formed by Confluence of 2 (fibs that is) the Red 4.236 and Purple 4.618 : syot kilat Now I am NOT as confident of another leg down before breaking the resitance, but that green arrow remains my buy zone for now.

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FibonacciSupport and Resistance

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FibonacciSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Juga pada:

Penerbitan berkaitan

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.