The chart shows the four leg-down with their retracements.
In the first retracement is labelled the bull trap it occurred when the price exceeded the 0.618%
The current leg-down is still developing
In the first retracement is labelled the bull trap it occurred when the price exceeded the 0.618%
The current leg-down is still developing
Commento:
Descending Triangle And key levels in the short term S/R (green line/red line)
Commento:
The price is testing the triangle's base for third time
Commento:
$600k is holding, for now, but every test makes weaker the support
Commento:
The support ($6000) still holding
Commento:
Commented on August 9th.
Using the tool Trend-Based Fib Extension to project the end point of the current leg down two possible points appears (labelled with a green flag)
0.618% 5889,5
0.786% 5178
Using the tool Trend-Based Fib Extension to project the end point of the current leg down two possible points appears (labelled with a green flag)
0.618% 5889,5
0.786% 5178
Commento:
The most relevant patterns
Commento:
Fibonacci retracement
0.618% 5889,5
0.786% 5178