I think we are gonna be range bound in these areas for a bitso maybe one of these paths could occur.
We could see a temporary rise to try and test first the 1.093 level, which is the 50% fib level of the recent drop, if broken a run to the approximate 1.101 resistance that has proven difficult. The approximate 1.084 level would have to hold on any retest. If failure occurs a drop to the 1.073 level would occur, and probably even the 1.064 level, which would be the 1.618 fib extension of this recent drop. Multiple indicators say up is the probability but as we all know price action is the only thing that matters. Who knows but these situations, I feel, are the most likely.
We could see a temporary rise to try and test first the 1.093 level, which is the 50% fib level of the recent drop, if broken a run to the approximate 1.101 resistance that has proven difficult. The approximate 1.084 level would have to hold on any retest. If failure occurs a drop to the 1.073 level would occur, and probably even the 1.064 level, which would be the 1.618 fib extension of this recent drop. Multiple indicators say up is the probability but as we all know price action is the only thing that matters. Who knows but these situations, I feel, are the most likely.