Here on the day chart, we see that we are currently sitting in the 23.6% and 50% of the fib level.
If we dropped bellow this level, we would see it drop till 8000 price level and even could go to 7500
However, if we see the RSI stoch, it is nearing the 0 level, so for the short term, we could expect it to correct before possibly go down again.
Black lines=support/resistance levels
If we dropped bellow this level, we would see it drop till 8000 price level and even could go to 7500
However, if we see the RSI stoch, it is nearing the 0 level, so for the short term, we could expect it to correct before possibly go down again.
Black lines=support/resistance levels
as for the fundamentals: on the 14th may, Coindesk Consensus will be held!
we could only hope for the best and....
TO THE MOON! :)