On the weekly chart- With the last drop we went and tapped the .786 retracement and was bought up and closed above the .618. The candle printing is looking to be a reversal as of right now it is sitting on the .618 showing good support at this level.
You will see on my previous ideas we had a gap in the market cap that was filled with this move to the downside. This is just a higher low right now.
If we reverse I see move all the way to 1400. On the next candle we can dip to pick up buy orders at lower prices and take off from there.
Bearish side of this is we close below this level and continue to consolidate lower which is just greater opportunity.
We close in a little over 2 hours. I am watching closely.
Just sharing my opinion, not financial advice. please give me a follow and a like if you like my idea. Comments are welcome.
You will see on my previous ideas we had a gap in the market cap that was filled with this move to the downside. This is just a higher low right now.
If we reverse I see move all the way to 1400. On the next candle we can dip to pick up buy orders at lower prices and take off from there.
Bearish side of this is we close below this level and continue to consolidate lower which is just greater opportunity.
We close in a little over 2 hours. I am watching closely.
Just sharing my opinion, not financial advice. please give me a follow and a like if you like my idea. Comments are welcome.