Hi Everyone
It seems likely we revisit the 2.618 Fibonacci support which is around $46500. If we are not able to identify a clear reversal on this level, we could go to $40k.
We will keep monitoring the situation, at this point the goal is to identify a potential signal of a bottom, as well as to identify ranges in which a small "dead cat bounce" can be expected.
Check out our channel for more content on more coins.
Best Regards
Ev
It seems likely we revisit the 2.618 Fibonacci support which is around $46500. If we are not able to identify a clear reversal on this level, we could go to $40k.
We will keep monitoring the situation, at this point the goal is to identify a potential signal of a bottom, as well as to identify ranges in which a small "dead cat bounce" can be expected.
Check out our channel for more content on more coins.
Best Regards
Ev
