Fell off the possible diagonal it was creating although I am not a fan of the validity of these with such a large gap between touches. Price has come back to support on the 70.7 and local low. So far has been respecting fib levels well.
When price fails a couple of times to break a level it will typically come down and test out lower lows. Holding now is therefore pretty important. 3380 remains my final level which has yet to be retested since we broke that resistance back in December.
Indicators have corrected well with this move, however the next few hours will show us whether the price has the strength to bounce here.
I am not a big user of the cloud, except on occasion on BTC. You can see clearly here the resistance the price was and is up against.
When price fails a couple of times to break a level it will typically come down and test out lower lows. Holding now is therefore pretty important. 3380 remains my final level which has yet to be retested since we broke that resistance back in December.
Indicators have corrected well with this move, however the next few hours will show us whether the price has the strength to bounce here.
I am not a big user of the cloud, except on occasion on BTC. You can see clearly here the resistance the price was and is up against.
Commentaire:
Better chart! I always forget tradingview publishes hidden things too!
Come say hi @elisa_crypto on twitter!