Hype price has been retracing from the previous flag.
Looks like an ABC correction, with a target using measured move method around $12.
Not much historic data but $12 appears to be a previous support.
Need to watch how price reacts at this level, as well as how BTC is fairing, and whether there is any bullish price action on lower time frames.
Looks like an ABC correction, with a target using measured move method around $12.
Not much historic data but $12 appears to be a previous support.
Need to watch how price reacts at this level, as well as how BTC is fairing, and whether there is any bullish price action on lower time frames.
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Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.