Price has fallen to upper $7K regions.
Things to keep in mind for BULLs, the drawn parallel channels have been respected really well and the price is at support region on a descending channel, which usually breaks up.
Golden ratio region has been hit, 61.8% to 65% pullback from the last significant high.
There is a gap from CME futures chart that starts at 9.1K, and these gaps have been filled most o the time.
From a BEARISH perspective, the loss of major supports show a lot of weakness and many are not resistance region. The next big support is around 7.2K region.
Stay safe and happy trading :)
Things to keep in mind for BULLs, the drawn parallel channels have been respected really well and the price is at support region on a descending channel, which usually breaks up.
Golden ratio region has been hit, 61.8% to 65% pullback from the last significant high.
There is a gap from CME futures chart that starts at 9.1K, and these gaps have been filled most o the time.
From a BEARISH perspective, the loss of major supports show a lot of weakness and many are not resistance region. The next big support is around 7.2K region.
Stay safe and happy trading :)
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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.
Smart Crypto Association [ SCA ]
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.