1=0.78 x 3, 5=0.5 x 3
lower trend channel line, 24% fib retracement and EMA 200 give support. We also see a small volume spike.
Problem: the correction would be very fast and very shallow.
So the present move might only be the a of an abc correction and b and c might follow and lead the price lower (to 9600 or 9000 USD)
lower trend channel line, 24% fib retracement and EMA 200 give support. We also see a small volume spike.
Problem: the correction would be very fast and very shallow.
So the present move might only be the a of an abc correction and b and c might follow and lead the price lower (to 9600 or 9000 USD)