Hello fellow degenerates,
Price held beautifully above 106.6k key level and is now attempting a test of 110.4k level. We are in a high risk zone as we do have a lot of levels that could initiate a reversal down, so ultimate caution is needed.
- Price hit the target where a Wave 1 could be so I am looking for a possible retracement that would take us towards 103k.
- In the most bullish scenario, both Wave 1 and 2 have been completed and price could just break above ATH and continue higher, but this is just wishful thinking.
- Currently watching for a break above the Parallel channel resistance
- Levels to Watch: 110.4k, 106.6k, 103.4k, 101k
Price held beautifully above 106.6k key level and is now attempting a test of 110.4k level. We are in a high risk zone as we do have a lot of levels that could initiate a reversal down, so ultimate caution is needed.
- Price hit the target where a Wave 1 could be so I am looking for a possible retracement that would take us towards 103k.
- In the most bullish scenario, both Wave 1 and 2 have been completed and price could just break above ATH and continue higher, but this is just wishful thinking.
- Currently watching for a break above the Parallel channel resistance
- Levels to Watch: 110.4k, 106.6k, 103.4k, 101k
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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.