1) Fibonacci retracement 38.2-23.6% support
2) Falling wedge pattern (bullish pattern)
3) Key Support 6,800
4) Possible divergence when price breaks down 7,000
Sell signal showed up in daily candle.
After the Double-Top, the 1st support level was broken.
In 4-hr chart, the support level and higher have become the Key Resistance Level .
Based on the downward channel and parallel line, if the 1st Support Level is broken then the price would drop to the 2nd Support Level .
I am thrilled to post in tradingview for the first time, I will keep posting.
Currently, the lows of candle in 4-hours frame keep going up.
I think if the price around yellow does not break down the key support level hard, and the lows go up, then the price will reach 7874$
but if the key support level is broken down hard, I think i could fall down to green around 7150$
