From yesterday's update we have tested 40K resistance / supply zone. We were rejected at 40K but the price is trading close under the resistance and judging by technical indicators, we might test 40K again. If we are able to break 40K and CLOSE above it in our next attempt, the road to 50K and above is open. However, if we can not close above 40K, we will be retesting the 0.5 fib line.
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.