Dear all,
As explained in previous analysis, my target for a potential reversal is still the $5,600 to $5,500 area.
Why?
- Monthly fib level 0.272 from 2015 (Price/EMA100 crossing) to ATH is at $5,630
- Falling wedge support at some area around $5,600 to $5,550
Shall those levels be crossed downward I will re-open short to the $4,900 to $5,100 area.
All the Best from the Crypto Space
Alteroc
As explained in previous analysis, my target for a potential reversal is still the $5,600 to $5,500 area.
Why?
- Monthly fib level 0.272 from 2015 (Price/EMA100 crossing) to ATH is at $5,630
- Falling wedge support at some area around $5,600 to $5,550
Shall those levels be crossed downward I will re-open short to the $4,900 to $5,100 area.
All the Best from the Crypto Space
Alteroc
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Related publications
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.