Bulls have failed to prove their strength.
3 PEAKS
Invalidation of this pattern consists of a break of $13,208 USD
Bulls have yet to prove their strength with a break of the invalidation line, thus suggesting a possible retest of the Breakout Line or complete reversal.
We have been achieving lower highs since the 17 of July, suggesting the loss of bull momentum.
Below is a list of loading zones, Id suggests stacking buys in these areas.
Loading Zone:
0.5 Fib $8500
.618 Fib $7227
.65 Fib $6883
3 PEAKS
Invalidation of this pattern consists of a break of $13,208 USD
Bulls have yet to prove their strength with a break of the invalidation line, thus suggesting a possible retest of the Breakout Line or complete reversal.
We have been achieving lower highs since the 17 of July, suggesting the loss of bull momentum.
Below is a list of loading zones, Id suggests stacking buys in these areas.
Loading Zone:
0.5 Fib $8500
.618 Fib $7227
.65 Fib $6883
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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.
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.