bearish Head and shoulder formation.
Fib at 0.382 ($14,423.38) broke. Second resistance at 0.236 ($16,420.00)
if zone: ($16,783.65 - $16,198.11) breaks I expect a bullish rally upto ATH of $19,000+ in New Year.
Failing to break at ($16,783.65 - $16,198.11) I expect a pull back to zones 0.5 ($12,809.68) and second support at 0.618 ($11,195.98).
Fib at 0.382 ($14,423.38) broke. Second resistance at 0.236 ($16,420.00)
if zone: ($16,783.65 - $16,198.11) breaks I expect a bullish rally upto ATH of $19,000+ in New Year.
Failing to break at ($16,783.65 - $16,198.11) I expect a pull back to zones 0.5 ($12,809.68) and second support at 0.618 ($11,195.98).
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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.