= ELEMONT FX =
Analysis:
- Bitquence is correcting further down after breaking below support
- We expect price to continue retracing towards the major support level (blue zone, 31,000 – 33,000)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- This would confirm the uptrend is still in play
- Break of 42,000 resistance should see a big run
Targets
1. 36,500
2. 39,000
3. 42,000
4. 44,500
Analysis:
- Bitquence is correcting further down after breaking below support
- We expect price to continue retracing towards the major support level (blue zone, 31,000 – 33,000)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- This would confirm the uptrend is still in play
- Break of 42,000 resistance should see a big run
Targets
1. 36,500
2. 39,000
3. 42,000
4. 44,500
