Projecting a line parallel to the fib channel from a previous resistance. Seems to have reacted to the trend line projection. Could be temporary. Could retest the bull trend line ~40k.
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42-43k more likely imoNote
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TradingView messes with my trendlines all the time, that's why some of them aren't exactly parallel. Always having to reset them.Note
Cleaned up the trend lines. That 1.618 extension is in line with this 4 hour candle. Note
Rather, it crossed the 1.618 this 4 hour candleNote
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If we mega bull this is a target Note
Back at the trend line Note
Breached Note
see how it looks at candle closeNote
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A more reasonable target:Note
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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.