Price fail to break previous high @11710, at 0.382 Fibonacci level of the previous price retracement of the last 20000 level.
Price went to 7322, slightly higher than the lowest bottom 6000 we saw last. Went up to 9177 testing the 0.382 level of the previous 11710 high and currently looking for the first lower high of the 7322.
Currently looking at the price trending lower at the bearish trendline. Price needs to break that trendline and go above 9177 which confluence with 0.618 of the 20000 and above 0.382. If not, price could go lower and test again on the lower side.
COME ONE BULLS...
Price went to 7322, slightly higher than the lowest bottom 6000 we saw last. Went up to 9177 testing the 0.382 level of the previous 11710 high and currently looking for the first lower high of the 7322.
Currently looking at the price trending lower at the bearish trendline. Price needs to break that trendline and go above 9177 which confluence with 0.618 of the 20000 and above 0.382. If not, price could go lower and test again on the lower side.
COME ONE BULLS...
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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.