11385 or 7300? Fibonnaci showing bullish dominance end of 2019.

27 ott 2019

We have broken through the main Fibonnaci resistance level at 9831 and been pushed back.

Another breakthrough would indicate a push towards 11385 again. This would be the ultimate proof of a long term bullish reversal for the end of 2019. Meaning 2020 would be the year of the new ATH.

The daily and weekly EMA crosses and the daily RSI divergence show a strong bullish argument. Worst case scenario we bounce back to 7.3k, signaling a return to a bear market or perhaps a bear trap.