#1 Crypto Daily/H1 Retracing Some Gains Feb 7 2018
Price made a daily close above the Monthly S1
yesterday and is now retracingsome of that. On the hourly
price was rejected by the upper Cloud and is now
trying to test the lower Cloud and the Daily pivot point.
The blue arrows show likely movements depending on
how Daily PP supports. A natural target after yesterdays
close would be the 820 S/R. If the daily pp fails to support
the 670 level will be a downward target, from which we
could see a bounce and below that is the 620 Daily S1.
yesterday and is now retracingsome of that. On the hourly
price was rejected by the upper Cloud and is now
trying to test the lower Cloud and the Daily pivot point.
The blue arrows show likely movements depending on
how Daily PP supports. A natural target after yesterdays
close would be the 820 S/R. If the daily pp fails to support
the 670 level will be a downward target, from which we
could see a bounce and below that is the 620 Daily S1.
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.