Hi Traders,
So we finally saw the follow through in prices dropping lower to the 100MA that we spoke abuts being support in our last post! Currently seeing prices jump back up, so the next price level to look at is the 0.382/0.236 FIB, if this holds as resistance then its a signal that price could fall further. However, if price pushes back up the the 0.618 FIB which also is where support was broken could indicate that 48k was the bottom. Don't be expecting prices to jump all the way up so quickly support and resistance will need to be tested a few times before breaking again. So expect some consolidation to occur.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
So we finally saw the follow through in prices dropping lower to the 100MA that we spoke abuts being support in our last post! Currently seeing prices jump back up, so the next price level to look at is the 0.382/0.236 FIB, if this holds as resistance then its a signal that price could fall further. However, if price pushes back up the the 0.618 FIB which also is where support was broken could indicate that 48k was the bottom. Don't be expecting prices to jump all the way up so quickly support and resistance will need to be tested a few times before breaking again. So expect some consolidation to occur.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
