BTC/USD Review 28.08 by SNE
Updated
26.08 we saw weak candle which was
rebought from Support zone. Then next
candle changes previous conception about
market weakness.
But next trgt I see - X - point (7100).
Because X is a heavy resistance:
0.5 lvl Fibo correction + R-resistance.
For continue of rising scenario need
price consolidating near X-point and
then brokeout R-resist.
In this situation I see trgt zone: 7350-7500
If price come back to 6700 when rising impulse started,
will change opinion about local rising scenario.
rebought from Support zone. Then next
candle changes previous conception about
market weakness.
But next trgt I see - X - point (7100).
Because X is a heavy resistance:
0.5 lvl Fibo correction + R-resistance.
For continue of rising scenario need
price consolidating near X-point and
then brokeout R-resist.
In this situation I see trgt zone: 7350-7500
If price come back to 6700 when rising impulse started,
will change opinion about local rising scenario.
Trade active
First trgt reached!Trade active
Note
Bearish candle-pattern near strong support point X - crossed 50% Fibo correction from previous impulse + strong R-resistance.
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