As expected, we hit the UNICON 50 line before this retracement.
Sitting riiight on this 61.8 fib level and demand zone and right below our 50 RSI
33900 is going to be the challenge for us today leading into this daily close and see if we can get another tap of that overall trend line, however looking at this structure of LH's and LL's, the TA says that a touch of that lower demand at 27.6, shouldn't be ignored.
Daily close today will be important IMO, let's see what happens.
On the flip side of that, anyone trading the BTC pair alts (most of them) and evena number of USD pairs should be cautious as an aggressive move to the downside on BTC would drag many pairs down with it.
Sitting riiight on this 61.8 fib level and demand zone and right below our 50 RSI
33900 is going to be the challenge for us today leading into this daily close and see if we can get another tap of that overall trend line, however looking at this structure of LH's and LL's, the TA says that a touch of that lower demand at 27.6, shouldn't be ignored.
Daily close today will be important IMO, let's see what happens.
On the flip side of that, anyone trading the BTC pair alts (most of them) and evena number of USD pairs should be cautious as an aggressive move to the downside on BTC would drag many pairs down with it.
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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.