The last weekly candle was ugly rejected and closed under the major resistance (9800$). The key levels of supports in weekly TF are MAs (50, 100 & 200).
On daily TF, If the MA 50 broken (8980$) and reclaim the resistance then go down to the next major support MA 200 on WTF (7300$).
IMO the MA 200 on WTF (7300$) will the key support for rebound and will start a bullish trend to new ATH (12000$).
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This is not financial advice, do your own research!
On daily TF, If the MA 50 broken (8980$) and reclaim the resistance then go down to the next major support MA 200 on WTF (7300$).
IMO the MA 200 on WTF (7300$) will the key support for rebound and will start a bullish trend to new ATH (12000$).
______________
This is not financial advice, do your own research!
Note
The Ichimoku on weekly TF is validating that trend will be flip to down and the key support will be at the bottom of the cloud area (7100-7300).
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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.