In the 4 hourly TF we're in a technical target to around 47k-48k that could act as resistance Break above that we could potentially see a pump to 58k-59K IF THIS IS A FAKE OUT FOR ANOTHER LEGG DOWN TARGET 20K or 28K
$47,800 is a short term target we Might face resistance around 45k-46k CURRENT SUPPORT $43,453.43 (WEEKLY EMA 20) to $42,508.61 (WEEKLY EMA 55) IF YOU'RE LUCKY: SET ORDERS AROUND $41,042.64-$41,197.88
We are currently consolidating above the WEEKLY EMA 55. Got in a long position with a stop loss below WEEKLY EMA 55.
Quick 1 hr bullish and bearish set up. Taking us to these targets.
Potential ABC correction before attacking the highs. Creating a potential falling wedge in WEEKLY TF
Possible HUGE ABC CORRECTION. Creating a bullish falling wedge pattern in the WEEKLY TF