Possible Further Bearish Scenario On The Charts

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Looking back at the past 33 day support on FIB, 0.5 retracement level played as a strong support, however this was while MACD and Signal lines moved in an upward momentum.
Now with a possible reversal on MACD playing out AND still sitting at 0.5 (34464.0) if support doesn't hold and gets broken progressively, the next level of support is 0.618 (27270.0).

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Current Critical Support Being Broken
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Possible next target is 27200 sitting at 0.618 retracement
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Possible bounce at 0.618 - 27200, next possible target 22K of 0.618 gets broken
Chart PatternsTrend AnalysisWave Analysis

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