Watch out for the bulltrap at 50-51K area.
Since the price bounced off from 29K, on daily shows rising wedge.
Watch out for the bulltrap at 50-51K area (fib 61.8%).
Honestly, the price should retrace at least a bit for a healthy uptrend.
Our short term support below is around 42k & 37K.
Watch out for the bulltrap at 50-51K area (fib 61.8%).
Honestly, the price should retrace at least a bit for a healthy uptrend.
Our short term support below is around 42k & 37K.
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.