The crypto pair will drop aggressively after a valid breakdown below the 50% Fibonacci line of the major descending pitchfork. Price has rebounded today and is signaling a false breakdown below the confluence area. A further drop will be invalidated by a valid breakout above the SL and SL1.
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.