Opening a long around 45k if we drop a bit more.
Reasons:
Price has touched trendline at least 3 times before moving higher
There is a futures gap to fill at 49.2k
Weekly RSI can hit 61 before encountering downtrend resistance line
The 61.8% fibonacci retracement level is about 51.1k
Getting close now....
Reasons:
Price has touched trendline at least 3 times before moving higher
There is a futures gap to fill at 49.2k
Weekly RSI can hit 61 before encountering downtrend resistance line
The 61.8% fibonacci retracement level is about 51.1k
Getting close now....
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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.