Weekly Time-frame

We are currently in the Retracement. 23 hours left before the new candle. A strong rejection from $48,000. Support is waiting at $42,000.

1D Time-frame

We have printed a red candle which is a Bearish Harami. We can expect more to the downside. $44,195 is our previous low which is possible to be touched again.

4H Time-frame

We have been rejected in 0.618. now we push through 0.5 and now breaking the 0.382 in FIB Retracement. next target would be 0 in FIB lines with price target of $44,195.AO is bearish as well. And we are in Low volume node in VPVR.

We will discuss more on the possibility on our Live. Stay tune and check with us!

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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.