Bears are attempting to close the 3D candle below the 3D 21ema ema support, which is the 40600 level.
Price could retest the W21ema (37K) support if the downtrend continues.
The key level of support will remain the W21ema if price gets there.
However, bulls will need to avoid letting the M close below the W21ema.
In the meantime, will monitor the possible correction pattern we could get in this range.
It could be a flat, a zig-zag or a falling wedge
Once the correction phase is over and bulls close a M candle above 46.5K (Which is the Q resistance), then the next key level of resistance will 57-58k (0.888fib).
Price could retest the W21ema (37K) support if the downtrend continues.
The key level of support will remain the W21ema if price gets there.
However, bulls will need to avoid letting the M close below the W21ema.
In the meantime, will monitor the possible correction pattern we could get in this range.
It could be a flat, a zig-zag or a falling wedge
Once the correction phase is over and bulls close a M candle above 46.5K (Which is the Q resistance), then the next key level of resistance will 57-58k (0.888fib).
