Price has been in a clear downtrend, with sellers firmly in control, driving a series of lower lows and lower highs. However, after a strong bearish leg, momentum began to slow, candles started showing long wicks and smaller bodies, signaling that selling pressure might be fading.
If price continues upward, the $61.50 region becomes a crucial zone. A strong rejection from there would confirm that sellers are reloading for another push down.
In short, this is a Fibonacci retracement move within a broader downtrend.
If price continues upward, the $61.50 region becomes a crucial zone. A strong rejection from there would confirm that sellers are reloading for another push down.
In short, this is a Fibonacci retracement move within a broader downtrend.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.