I just want to explain the situation to users
We had 3 uptrends
short term
midterm
long time
Interestingly, we broke the mid-term uptrend line
Yellow line
We have 2 more uptrend lines
Powerful $ 31,000 support
Fibonacci strong support 0.618
Interestingly, we attracted the support of 0.5 Fibonacci
In my opinion, with all the bad market patterns, we still do not have to worry, everything is normal for a drop to Fibo 0.618.
We have $ 25,500 support in the long-term uptrend line
The rsi indicator is reversing the trend. This is a positive sign of a market reversal
Manage your capital
I am ready to work with big teams in the field of technical analysis
Good luck
We had 3 uptrends
short term
midterm
long time
Interestingly, we broke the mid-term uptrend line
Yellow line
We have 2 more uptrend lines
Powerful $ 31,000 support
Fibonacci strong support 0.618
Interestingly, we attracted the support of 0.5 Fibonacci
In my opinion, with all the bad market patterns, we still do not have to worry, everything is normal for a drop to Fibo 0.618.
We have $ 25,500 support in the long-term uptrend line
The rsi indicator is reversing the trend. This is a positive sign of a market reversal
Manage your capital
I am ready to work with big teams in the field of technical analysis
Good luck
Incorrectly typed rsi is the reverse of the trend and this is a positive sign
No rsi is in reverse trend of the chart and this is a negative sign
In the end, everything is normal up to $ 25,500