BTCUSDT broke trendline retest needed for more falling .
As you can we have two strong resistance that mentioned on chart with red lines and one important thing here is this that these strong resistance match with Fibonacci level that we set .
So we expect more falling under condition of successful retest of broken trendline :
so there are two important zone right now for retesting the fall and continuation of fall :
1.58K :that is strong resistance zone and 0.50% of Fibonacci
2.60K :that is strong resistance zone and 0.61% of Fibonacci and trendline retest
after retest and reversal candles shown near this zones we are looking for more correction to the down side
Targets :
A. 54300
B. 51000
C. 47200
Notice :retest is needed if this resistances break we may expect once again price like 64K and ...
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
So we expect more falling under condition of successful retest of broken trendline :
so there are two important zone right now for retesting the fall and continuation of fall :
1.58K :that is strong resistance zone and 0.50% of Fibonacci
2.60K :that is strong resistance zone and 0.61% of Fibonacci and trendline retest
after retest and reversal candles shown near this zones we are looking for more correction to the down side
Targets :
A. 54300
B. 51000
C. 47200
Notice :retest is needed if this resistances break we may expect once again price like 64K and ...
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
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