Reversal needs a higher low

By IamCryptoWolf

Updated

I'm expecting a last upward leg to 4hr MA100 will act as a resistance.

Retracement to .618 fib level before breaking the upper wedge

Note

As expected price has reached upper wedge resistance.

I'm expecting a .618 fib retracement from here.

Also look for support at daily MA100

these 2 will act as strong support giving us the higher low we are looking at for a reversal

snapshot

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Here starts the retracement. Will the bulls manage to avoid a new low?

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Levels to look at for support:
- daily MA100
- 61.8 fib retracement
- double bottom

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Market confirms strong resistance.

Looking for support at above levels

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Market Bouncing from our first target: daily MA100 support

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This could be the higher low we were looking at

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by IamCryptoWolf

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