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The Fibonacci level of 0.382 was held, indicating a strong uptrend. The price on the lower timeframes was creating higher lows, which we could clearly discern. The
42K level was broken, and the price is now retesting it as support, as well as the high of the value area. If this level holds, I expect to see the higher resistance levels of $43K and $44K tested.
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The Fibonacci level of 0.382 was held, indicating a strong uptrend. The price on the lower timeframes was creating higher lows, which we could clearly discern. The
42K level was broken, and the price is now retesting it as support, as well as the high of the value area. If this level holds, I expect to see the higher resistance levels of $43K and $44K tested.<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
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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.