the fall and correction already started and the reasons mentioned in previous analysis a lot (like 0.5% of Fibonacci retracement level)
now we have three possible scenarios that all are Bearish:
First: continuation of fall from this area and reaching targets like 42K--40K
Second: again price start to show some strength then we consider right shoulder for this rise and creation of Head & Shoulder and then again deep fall.
Third: if and only if the price was strong enough to break 0.5% of Fibonacci level then 0.61% as the main resistance zone will dump price.
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
now we have three possible scenarios that all are Bearish:
First: continuation of fall from this area and reaching targets like 42K--40K
Second: again price start to show some strength then we consider right shoulder for this rise and creation of Head & Shoulder and then again deep fall.
Third: if and only if the price was strong enough to break 0.5% of Fibonacci level then 0.61% as the main resistance zone will dump price.
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
Yorum:
previous daily chart and some reasons that price need rest:
İşlem aktif:
Price just reach right shoulder (Red path): price now is 47000
and this is the first resistance zone touched.
what is next ?
and this is the first resistance zone touched.
what is next ?
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