See above chart and target points, as you can see we found resistance at the -0.236 Fibonacci Level, as expected.
I expect the total market cap to reach the target point listed and the a potential bounce assuming that will be the 'higher low', otherwise, I expect further downside.
Thank you and good luck trading.
Please remember this is not financial advice and this is just my opinions, please do your own research and learn how to read the charts as well.
I expect the total market cap to reach the target point listed and the a potential bounce assuming that will be the 'higher low', otherwise, I expect further downside.
Thank you and good luck trading.
Please remember this is not financial advice and this is just my opinions, please do your own research and learn how to read the charts as well.
Note
Kind of worked out strangely. It seems now, the market is starting its downtrend towards the -.0236 fib line if we break the one it just bounced off, let's see how this plays out.
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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.