Could see reversal at 4000$
We have green support line from September 2017, which was broken in January 2018, and after that it became a resistance. Now we have yellow support line from August.
1st touch: 16.07.2017
2nd touch: 14.09.2017
3rd touch: 06.02.2018
4th touch will come soon.
At Yellow line, probably we will see a pullback, or it can be a trend reversal point for long position.
But probably after pullback from 4th touch, price could come back and break this yellow line.
My choice:
For short-term, long position from 7000$ +-
For long-term, long position from 4000$ +-
Do your own research, don't follow any idea
1st touch: 16.07.2017
2nd touch: 14.09.2017
3rd touch: 06.02.2018
4th touch will come soon.
At Yellow line, probably we will see a pullback, or it can be a trend reversal point for long position.
But probably after pullback from 4th touch, price could come back and break this yellow line.
My choice:
For short-term, long position from 7000$ +-
For long-term, long position from 4000$ +-
Do your own research, don't follow any idea
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