As you can see in the chart, the triangle has broken and then a correction wave occured.
Thanks to 20 EMA, the correction wave has ended. Than the price started to rise up again.
First and I think the most important target level is the 0.618 Fibonacci retracement level (13346 $)
If price breaks this fibonacci level, My second target level is the Fibonacci 1 level which is nearly 20K$ price level.
The RSI is nearly 70. So it's overbought in a part.
Thanks to 20 EMA, the correction wave has ended. Than the price started to rise up again.
First and I think the most important target level is the 0.618 Fibonacci retracement level (13346 $)
If price breaks this fibonacci level, My second target level is the Fibonacci 1 level which is nearly 20K$ price level.
The RSI is nearly 70. So it's overbought in a part.
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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.