1. The 8000-8200 support area is very important today.
2. It is the 50% of the upmove.
3. 100% Fib extension of this current downmove.
4. If price can form a bottom at this area, we would be seeing 10,000 in the near future.
5. If price crashes through then very easily we will see under 7,000.
2. It is the 50% of the upmove.
3. 100% Fib extension of this current downmove.
4. If price can form a bottom at this area, we would be seeing 10,000 in the near future.
5. If price crashes through then very easily we will see under 7,000.
Just hit alot of resistances and failed the upmove. If this breaks to the upside then we are going to $10k, but no hints of that happening yet. A drop to 8200 still in play.