Description
Hiii traders
I think that in general, given the upward momentum that occurred in the price from $3,000 to $3,500, the trend is bullish and this price drop to $3,200 or ultimately the support zone of $3,170-3,140.
The price at 3170 is both a strong support and a Fibo level of 0.38.
I expect a rally from around here or eventually 3170.
The important level is marked on the chart and I think we have reached the right price for a buy.
A break of the 3260-3285 price zone paves the way to 3350.
I think we were in a deep correction and not a bearish market.
Possible positions this week
A:Suitable prices for BUY positions
1)3210-3200
2)3174-3150
B:Suitable prices for SELL positions
1)3285
This is just an analysis and everyone is responsible for their own work.
Hoping for a good and profitable week.
Hiii traders
I think that in general, given the upward momentum that occurred in the price from $3,000 to $3,500, the trend is bullish and this price drop to $3,200 or ultimately the support zone of $3,170-3,140.
The price at 3170 is both a strong support and a Fibo level of 0.38.
I expect a rally from around here or eventually 3170.
The important level is marked on the chart and I think we have reached the right price for a buy.
A break of the 3260-3285 price zone paves the way to 3350.
I think we were in a deep correction and not a bearish market.
Possible positions this week
A:Suitable prices for BUY positions
1)3210-3200
2)3174-3150
B:Suitable prices for SELL positions
1)3285
This is just an analysis and everyone is responsible for their own work.
Hoping for a good and profitable week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.