after toching the top of channel TLM is heading to the midline of so called channel, it has a slight reaction to 0.618 fibo beautifully causing its pullback to 0.195 ~ 0.198 area and continuing its way to the very important support area (the blue highlight) including a variety of reversal reasons :
1: PRZ (the dark green box : 0.135 ~ 0.145 )
2: also fibo 0.786
3: and finally channels midline
so with enough buy pressure it could retain its bullish swing make a Higher low pivot and head to the target 0.45
if NOT according to RSI indicator and BTC's bearish swing it will fall with a high momentum down to 0.05 ~ 0.06
1: PRZ (the dark green box : 0.135 ~ 0.145 )
2: also fibo 0.786
3: and finally channels midline
so with enough buy pressure it could retain its bullish swing make a Higher low pivot and head to the target 0.45
if NOT according to RSI indicator and BTC's bearish swing it will fall with a high momentum down to 0.05 ~ 0.06
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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.
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.