$ 50,000 next resistance in case of 200-day MA failure
In the daily chart, we see the formation of a zigzag pattern, and after correcting the price in the expected range, the second wave is formed. In case of failure of the 200-day moving average, we can increase the price to the range of 48 to 50 thousand dollars Fibonacci and resistance of rand numbers is $ 50,000 and so the target is a zigzag pattern, and I think if this resistance fails, I will have a fast price pump up to about $ 60,000.
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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.