Good Morning, Evening & Afternoon
Follow up to the earlier report past week. Price action got a push up towards our 2nd short target
barely reaching it. 1.618 of the ABC wave(Diamond pattern) but thats the importance of Dollar cost average(DCA).
Price Action is now below the 1hr 50 ema with the 1hr 200ema/ 4hr 50 ema as next support (23000).
This week will reveal whether the 1hr200ema/4hr50ema will act as support or flipped into resistance
Price action also formed a higher high with momentum forming a lower low on the oscillator (Daily Timeframe) signaling potentially a significant drop
to the downside incoming. targets 0.382, 0.618 & 1.618
Not Financial Advice
Mind Your Risk
Follow up to the earlier report past week. Price action got a push up towards our 2nd short target
barely reaching it. 1.618 of the ABC wave(Diamond pattern) but thats the importance of Dollar cost average(DCA).
Price Action is now below the 1hr 50 ema with the 1hr 200ema/ 4hr 50 ema as next support (23000).
This week will reveal whether the 1hr200ema/4hr50ema will act as support or flipped into resistance
Price action also formed a higher high with momentum forming a lower low on the oscillator (Daily Timeframe) signaling potentially a significant drop
to the downside incoming. targets 0.382, 0.618 & 1.618
Not Financial Advice
Mind Your Risk