As we can see major support ahead now is 40000$----39000$ due to two main reasons:
A. Fiboancci's support level is there.
B. Red trendline broke and now is local support so we can expect a retest of a breakout there.
Only if this support remains valid we can expect more pump for the price to the targets and resistances that are mentioned on the chart else again we have a range market or bears will leas once again.
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A. Fiboancci's support level is there.
B. Red trendline broke and now is local support so we can expect a retest of a breakout there.
Only if this support remains valid we can expect more pump for the price to the targets and resistances that are mentioned on the chart else again we have a range market or bears will leas once again.
<<press likeđź‘Ť if you enjoy + comment your opinion about the market or your thoughts, below this analysis >>
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My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
Related publications
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.