The price has been unable to breakout through the neckline at 8200, and it has created a double top resistance that remains solid.
The ichimoku cloud is bringing a price decline from now until at least 8am UTC time. I expect the price to touch the 0.5 fibonacci pivot at around 7820. It may be a rebound to the 0.618 fibo level but I´ll confirm it later at around 8am, however seems that during the day the price will be tending to decline, which could bring us the 7500 level earlier.
The ichimoku cloud is bringing a price decline from now until at least 8am UTC time. I expect the price to touch the 0.5 fibonacci pivot at around 7820. It may be a rebound to the 0.618 fibo level but I´ll confirm it later at around 8am, however seems that during the day the price will be tending to decline, which could bring us the 7500 level earlier.
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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.