We broke under support and the 6 month long uptrend line yesterday. Today that old support line became the exact resistance line that we could not break. We're going down down down, should expect a bounce at $38 as it's right above the next fib level which I have at 0.382(not on this chart). We hit $33 on the last drop but was quickly brought back. I believe $38 will be the $33 of the last dip.
IF we get some momentum and more volume, we could test resistance again around $50, but I'm leaning move towards $38 than $50 as I believe it'll be easier to drop now then re-test.
Best wishes as you mitigate risk and capitalize profits!
Also I'm on the team of an up and coming new Crypto Group, check out this intro video and check out our free group on Facebook.
www.youtube.com/watch?v=6T16DiKs...
IF we get some momentum and more volume, we could test resistance again around $50, but I'm leaning move towards $38 than $50 as I believe it'll be easier to drop now then re-test.
Best wishes as you mitigate risk and capitalize profits!
Also I'm on the team of an up and coming new Crypto Group, check out this intro video and check out our free group on Facebook.
www.youtube.com/watch?v=6T16DiKs...