Updated
waves/usdt
With a 4hr close below this level, I expect a further decline in this pair. Currently sitting at the .618 fib level, but I'm thinking we might need to drop down to the .786 @ approx. $2.58usdt level before resumption as you can see buy pressure is still increasing.
Note
In the event we don't stake out support @ the .786, you can expect a pivot restest and bottom of the channel. We may then be range bound.
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.
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.