We are now almost bottom of our trading zone for aggro trader where I mentioned yesterday (plz don`t forget we are in NO TRADING ZONE for conservative trader)
We are now at the final defense line for bulls
In ichimoku cloud $7,290~$7,200 is the deadline for bulls If today`s candle end price is below : $7,280 It might be "run away signal" and I will sell every alt coin to BTC or thether
In addition, It is near almost 0.5fib level (if you count $6,125 to $8,506 $7,315 is the exactly 0.5 fib level), and S2 point in pivot point (fibonacci based)
If we hold this level, there is hope to uptrend:
If we break down? lol see you at the underground!! :D
Note
If it managed to hodl, I hope it break up wedge
Note
It looks like we are breaking down one more level, but don`t worry it will be really small wave down, and final bottom will not be lower than $7,100
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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.