As you can see in previous move we had downtrend from 64K to 29K . when downtrend line braked price moved up 53K and next pullback to 40K . if draw trend base fib between those two line final target in 69.4K is matched with 1.786 of fibo . now we have that cycle again and if redraw that acts result will be that :
1. price can retrace to 40-41K
2. then if we see bullish momentum price can be move up target 1.786 fib that will match to 66K.
1. price can retrace to 40-41K
2. then if we see bullish momentum price can be move up target 1.786 fib that will match to 66K.
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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.