Bullish scenario
A push back above the 0.618 Fibonacci ($174.20) would be a good sign for the bulls. This would also create a new higher high. From there, we could then see market participants target previous highs of $210.18, and then the Fibonacci extension levels of $235.80 and $268.38.
Bearish scenario
Failure to garner any attention from the market, could result in a move back towards the current lows of $116.00.
A push back above the 0.618 Fibonacci ($174.20) would be a good sign for the bulls. This would also create a new higher high. From there, we could then see market participants target previous highs of $210.18, and then the Fibonacci extension levels of $235.80 and $268.38.
Bearish scenario
Failure to garner any attention from the market, could result in a move back towards the current lows of $116.00.
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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.
Check out my YouTube channel - Crypto With Pav, for crypto market analysis. You can also join my free telegram for more frequent updates - t.me/pavs_ta_temple
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.