Fibonacci and Ichimoku are highlighting a possible support level at around $3373. It's not unlikely that the price will get there, given:
- multiple indicators are signaling a downtrend (MACD, 20 SMA of the StochRSI ...)
- rumours about china bans may manifest into actual news that could lead to big FUD again
At the point one can start looking for a reversal. Else the downtrend might get stronger.
- multiple indicators are signaling a downtrend (MACD, 20 SMA of the StochRSI ...)
- rumours about china bans may manifest into actual news that could lead to big FUD again
At the point one can start looking for a reversal. Else the downtrend might get stronger.
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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.
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.