Bearish view: Since the price now is under EMA 50, we are expecting a long-term bear market. The next support level is roughly 380~390. It will need some time to conquer, therefore, a consolidation is likely to happen for a few days.
Bullish view: The price has broken a major support area, it would certainly increase the passive emotion and cause some panic. It's more likely conducted by US traders. Now the hope is a pullback. Resistance range: 414-420.
Bullish view: The price has broken a major support area, it would certainly increase the passive emotion and cause some panic. It's more likely conducted by US traders. Now the hope is a pullback. Resistance range: 414-420.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.