As we expected, the target price also hit $21,400, which means that the price has dropped by more than 13% since i analyzed it ! Now as you can see that the price has returned to the Institutional Support (IS) level, we have to see what will be the reaction to this level, price consolidation in the 4-hour time frame above $21600 can cause an upward corrective movement to 23250$ ! Because, as you can see, a new liquidity void has been created with the drop that took place, and according to the condition we set, we can expect this void to be filled, otherwise the $20,700 and $20,000 targets will not be far from reach!
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⚠️ This Analysis will be updated ... 👤 Arman Shaban : ArmanShabanTrading 📅 08.18.2022 ⚠️(DYOR)
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