Yesterday's H4 candle closed below neckline, triggering some bearish momentum through a double top formation and drawing MACD closer towards convergence.
Expected major support around 3650 (long-term extreme low), although another dip and hold at 3600 may set us up for a double-bottom off the daily.
Resistance still holds at 3800, 3900 and 4000-4050 with 200EMA as the next goal imo.
Expected major support around 3650 (long-term extreme low), although another dip and hold at 3600 may set us up for a double-bottom off the daily.
Resistance still holds at 3800, 3900 and 4000-4050 with 200EMA as the next goal imo.
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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.