After we pushed off the resistance line of the rising channel we showed a good downward movement.
We have reached the midline of this channel by forming a falling wedge pattern.
maybe this pattern will come true, and this movement is just a correction before jumping up, and in this case I see resistance in the 8600 zone -like the formation of a second shoulder pattern head shoulders.
I see support level in the zone 8000-8200 (yellow box)... also this is 38.2% fibonacci level
But I see stronger support in the zone 7850-7600 (orange box)
Best regards EXCAVO
We have reached the midline of this channel by forming a falling wedge pattern.
maybe this pattern will come true, and this movement is just a correction before jumping up, and in this case I see resistance in the 8600 zone -like the formation of a second shoulder pattern head shoulders.
I see support level in the zone 8000-8200 (yellow box)... also this is 38.2% fibonacci level
But I see stronger support in the zone 7850-7600 (orange box)
Best regards EXCAVO
Note
Note
Note
Note
Note
the first time bitcoin did not break the price of 9200, now there will be a small correction and another attempt is possible to break this level
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Register on these two exchanges
Send me confirmation and get VIP group for 3+ months
partner.bybit.com/b/excavo
whitebit.com/a/excavo
All info
excavo.carrd.co/
t.me/EXCAVOACADEMY
t.me/excavochannel
Send me confirmation and get VIP group for 3+ months
partner.bybit.com/b/excavo
whitebit.com/a/excavo
All info
excavo.carrd.co/
t.me/EXCAVOACADEMY
t.me/excavochannel
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.