Current Support
Looks like the only reliable indicator right now is Fib Retracement
the 0.786 line, which is are around 7300 line became a reliable support and it was tested twice on after the pump.
Right now i am like 51% bullish, just till we see the RSI cools down a little bit, than i would be really bullish and we might test the next line 1 on Fib retracement, around 7750 level.
if we broke the next resistant which is matching all TAs including Fibonacci Retracement around 7750 to 7800. we might see another 10%.
Final thought.. right now we are in a no trade zone.
the 0.786 line, which is are around 7300 line became a reliable support and it was tested twice on after the pump.
Right now i am like 51% bullish, just till we see the RSI cools down a little bit, than i would be really bullish and we might test the next line 1 on Fib retracement, around 7750 level.
if we broke the next resistant which is matching all TAs including Fibonacci Retracement around 7750 to 7800. we might see another 10%.
Final thought.. right now we are in a no trade zone.
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