BTC/USD : fibo target 10500 reached !
Hello everyone,
The target of 10500 has been reached, what now? It is important to see that top formation in the RSI is manifesting itself. We are approaching a short-term summit that can now be formed. 10500 is also the 0.382 level of fibonacci. Cooling is again necessary to continue rising!
I think we are going to make a correcting back to the zone 9000 (0.618 fibo), this also comes together with the MA50 that should provide support.
Support: 9800 / MA20 / 9000 / MA50
Resistance: 11500/13200
Good luck !
Regards
TT
The target of 10500 has been reached, what now? It is important to see that top formation in the RSI is manifesting itself. We are approaching a short-term summit that can now be formed. 10500 is also the 0.382 level of fibonacci. Cooling is again necessary to continue rising!
I think we are going to make a correcting back to the zone 9000 (0.618 fibo), this also comes together with the MA50 that should provide support.
Support: 9800 / MA20 / 9000 / MA50
Resistance: 11500/13200
Good luck !
Regards
TT
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.