WABI/BTC (Minor Consolidation>Retest .618 Fib Sup?)
WABI/BTC
-since the top at 1600 area
-the price has dropped over -30% already
-and consolidating now for 8 days
-if this minor consolidation breaks to the downside
-the next major support is located at 1040-996 range
-this area also coincides with the .618 fib support
-and previous swing key higher low
-I'm expecting buyers to step in this area
-but waiting for the reversal confirmation is a must
-since the top at 1600 area
-the price has dropped over -30% already
-and consolidating now for 8 days
-if this minor consolidation breaks to the downside
-the next major support is located at 1040-996 range
-this area also coincides with the .618 fib support
-and previous swing key higher low
-I'm expecting buyers to step in this area
-but waiting for the reversal confirmation is a must
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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.