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Fibonacci Retracement

Understanding Fibonacci Retracementtool fans will like this one XD Fibonacci Retracement is a popular technical analysis tool used by traders to identify potential support and resistance levels. Based on the Fibonacci sequence, this tool helps traders predict price pullbacks and continuation levels in trending markets. What is Fibonacci Retracement? Fibonacci Retracement levels are derived from the Fibonacci sequence, a mathematical pattern where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, etc.). Key ratios from this sequence, such as 23.6%, 38.2%, 50%, 61.8%, and 100%, are used to indicate potential price reversal or continuation zones. How to Use Fibonacci Retracement 1.Identify a Trend: - In an uptrend: Draw the Fibonacci retracement from the swing low to the swing high. - In a downtrend: Draw the Fibonacci retracement from the swing high to the swing low. 2. Key Levels: -23.6%: Represents shallow pullbacks; usually seen in strong trends. -38.2% and 50%: Common retracement levels where price often consolidates or reverses. -61.8%: Known as the "golden ratio," a significant level for potential reversals. -100%: Indicates a full retracement of the trend. 3. Support and Resistance Zones: - Price may bounce or consolidate near these Fibonacci levels, acting as dynamic support in an uptrend or resistance in a downtrend. How to Interpret Fibonacci Retracement Levels -Reversal Zones: - If the price retraces to a Fibonacci level and then resumes the trend, it confirms the level as significant. - **Breakouts:** - A break above or below a Fibonacci level may signal continuation in the direction of the breakout. Strengths of Fibonacci Retracement -Simple to Use:Visual and straightforward for identifying support and resistance levels. -Widely Applicable:Works across various markets (stocks, forex, crypto, etc.) and timeframes. -Combines with Other Tools:Enhances the effectiveness of indicators like RSI, MACD, and trendlines. Limitations of Fibonacci Retracement -Subjectivity:The placement of swing highs and lows can vary among traders, leading to different retracement levels. -Lagging Nature:Like most technical tools, Fibonacci Retracement relies on past price action and doesn’t predict future movement. -False Signals:Not all retracement levels lead to reversals, especially in volatile or news-driven markets. Best Practices for Using Fibonacci Retracement 1.Combine with Other Indicators: - Use with momentum indicators (e.g., RSI, MACD) or candlestick patterns for stronger confirmation. - Pair with trendlines or moving averages to validate Fibonacci levels. 2.Use Multiple Timeframes: - Analyze Fibonacci levels on higher timeframes for broader trends and lower timeframes for precise entries and exits. 3.Set Realistic Expectations: - Don’t rely solely on Fibonacci levels for decision-making. Use them as part of a broader strategy. Example of Fibonacci Retracement in Action Imagine Bitcoin (BTC) last uptrend movement which I'm showing here, and the price moves from $67,000 to $106,000. After reaching $106,000, the price begins to pull back. By applying the Fibonacci Retracement tool from $67,000 (swing low) to $106,000 (swing high), you can identify key levels at $97,000(23.6%), $91,300 (38.2%), $86,700(50%), and $82,100 (61.8%). If the price retraces to $ 91,300 and bounces upward, this confirms the 38.2% level as strong support. (Green line) (shown on the chart) Conclusion Fibonacci Retracement is a valuable tool for traders seeking to identify potential price reversal zones and continuation points. While it’s easy to use, its accuracy improves when combined with other technical indicators and a thorough understanding of market conditions. Practice drawing Fibonacci levels on historical charts to develop confidence and refine your trading strategy. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Education
by Cryptonic_Trading
BTC/USDT 4H Chart ReviewHi everyone, let's look at the BTC to USDT chart, looking at the 4h time frame, we can see that the price is moving in a triangle where we are getting close to the exit and taking the direction of further movement. In the short term, we can start by defining potential SLs in a situation where the price continues to correct: SL1 = 94431 USD SL2 = 92902 USD SL3 = 91260 USD SL4 = 88598 USD However, if the price changes direction and the visible green candle starts to gain strength, it is worth moving on to setting goals for the near future, which include: T1 = 96526 USD T2 = 98225 USD T3 = 99528 USD T4 = 101113 USD When we look at the additional indicators, we can see how the CHOP indicator and the RSI indicator are around the middle of the range, which indicates a possible movement in both directions, but here we also have the STOCH indicator, which shows an upward movement below the middle of the range, which in the short term may raise the price a bit more.
by cryptodailyuk
NVIDIA and Tesla TechnicalsNVIDIA As much as I want the train to keep moving forward, we are at an inflection point where the bears are starting to really pile in. The bulls are pulling back, and we may experience that -10% S&P correction. Everyone says this would be "healthy" for the markets, which would align in the traditional sense. However, we live in a different time now. With emerging markets and excess capital, companies are healthy. But, the economy is weakening. The Biden Administration has propped up the stock market with faulty "jobs numbers" adding ridiculous amount of government employees to supplement Jots Jobs Reports. Furthermore, this is the time of year for reallocation for major capital holders. Hence, the volatility increase. I fear the Bears are taking advantage of this time to pile on. NVIDIA had an increase of shorted shares by 4.5% in December. If the Bears take over and the bulls pull back NVIDIA will move down to $120 NVIDIA at $120 is inside "The Golden Fibonacci Pocket", a round number, AND the HIGHEST VOLUME Price level for the entire year of 2024. 3 VERY significant technical reasons big money will wait for this $120 level to be reached. It will ALSO be where the Shorts of $139-$140 will cover. This could spawn a V shape recovery from $120 flying HIGH straight to $160 ($4 Trillion Market Cap). Apple is at $3.85 Trillion. NVIDIA currently does more Net income with 30% the Revenue that Apple does. Who will reach $4 Trillion first? TESLA In a much more simple analysis. TESLA is currently testing the 78% Fibonnaci Level. Already flushed through the short time frame "Golden Pocket". So, the 78% Fib is the last line of support for TESLA. The break of the 78% Fib level will be a clear sign of a move down to a lower low, with support being around the bottom of the downtrend channel seen in the chart. IF interested in shorting TESLA is the better one.... currently. However, that could change. I personally will only Day trade SHORTING TESLA looking for the $365 level to start buying in, and dollar cost averaging down. TESLA is here to stay, I'm sure. Same with NVIDIA JUST REMEMBER... Apple has gained 60,000% since 2001.... and I believe NVIDIA is the future. Because, AI is the future. Like smart phones were the future. I believe AI will be bigger than Tele-Communications.
NASDAQ:NVDA
by Scottlee74136
Fibonacci retracement on Yearly Candle gives us 2025 levels. We will continue out study of reading charts Today we will try to understand how to read the chart with the help of only 1 candle and Fibonacci series we will try to predict the range in which Nifty can move in the year 2025. First thing that one must understand that reading the charts is not a rocket science. What we have done is very simple and anyone can do. The candle stick that we have take in a 12 Month Candle. That means, all movement of Nifty for the full year has been encompassed by a single candle. I have then applied Fibonacci retracement and reverse retracement. Which has given us various zones that determine levels of Nifty. In Case you do not know about Fibonacci Golden ration you may read about it in my previous articles about the subject in Smart Investment. Fibonacci series was seen in ancient Indian Sanskrit and Maths in the works of Pingala and Hemachandra few Thousand years ago. The series derives its name however from Italian mathematician who made it famous in the modern era. Neutral Zone: The results that we got by applying Fibonacci and reverse Fibonacci on 12-month candle tell us that the neutral zone in case of sideways movement throughout the year would see Nifty moving between 21137 to 26277. Candles however seldom repeat on yearly scale but you never say never. These are the highs and lows of the current year. Negative Zone: If something very negative happens in the budget or thereafter on local or global scale we might see Nifty pivot to this range or 21137 to 19922. Where it could find support and reembark its journey upwards. Pessimistic Zone: In case of a catastrophe or some thing very negative on global or local / Macro or Micro economic front the range that we could see will be Nifty deteriorating towards 19922 to 18476. However, this looks unlikely as of now and even if it happens the upward journey might soon begin as PE investors might see a great value buying opportunity. Positive Zone: If things fall in place and economic progress continues, there is no deterioration of GDP or inflation and if Rupee recovers swiftly the zone between 26277 pervious peak and 27880 is possible. We may see a new peak of Nifty in this range. Optimistic Zone: In case the FII return enemas and economy continues to bloom with few elections and political stability / border stability and GDP growth continues it is quiet possible that we may see Nifty reaching new highs which will be in this range between 27880 and 30061. This seems a little distant dream as of now but you can never say never. At least if we hit the sweet spot of economy and Fibonacci golden ration even this ‘Everstsesque’ peak might be summited by Nifty. Here we have given different hypothetical scenarios of Nifty based on Fibonacci and candlestick analytics. For indepth understanding of Techno-Funda investing you can read my book which is The Happy Candles Way to Wealth creation. This book is available on Amazon in paperback and Kindle version. The book contains valuable tips for you to maximise your profits from stock market and wealth creation. It also explains my much coveted Mother, Father and Small Child Theory. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. There is also chance of bias in our opinion. I, my family or my clients may have a long position in the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
SOL/USDT 1W Chart ReviewHello everyone, let's look at the 1W SOL to USDT chart, looking at the large time frame, we can see how the price is moving in the uptrend channel in which we currently have a visible correction approaching the lower part of the channel. Seeing the current correction, which most likely held on support at our first stoplos, we will designate the locations of the next potential SLs: SL1 = 184 USD SL2 = 166 USD SL3 = 143 USD SL4 = 117 USD However, if the price changes direction and the visible green candle starts gaining strength, it is worth moving on to setting goals for the near future, which include: T1 = 211 USD T2 = 234 USD T3 = 253 USD T4 = 271 USD
by cryptodailyuk
Will Bitcoin Go Up or Down from Here?Where does Bitcoin go from here? In my previously published idea I supported the idea for a bounce from 95k. We did closed above 95K but looks like we are not going to hold it.. According to Fibonacci (using my Dynamic Fib Retracement indicator), if we now close below the preliminary fib line around 95K, this could spell trouble for Bitcoin and result in more downwards price action. Also according to the DFR , targets for that would be: 80.5K USD (The Orange 'Median Line') and 70-73K USD (Inside the blue Fib Golden Pocket) Follow me for more BTC analysis!
Short
by poolsideliquidity
2
GOLD → A chance for growth or a trap?FX:XAUUSD continues to give hope to the bulls, trading inside a local rising channel resembling a flag on the background of a local bearish trend. Further upside for the gold price may remain limited as the US dollar remains underpinned by the Fed's hawkishness. This begs the question: what will happen to rates? Hold or rise? It is worth understanding that the rise in inflation expectations against the backdrop of Trump's protectionist policy requires an increase in interest rates. In addition, statistically, the dollar enjoys interest towards the end of the year, and because of the Christmas holidays Technically, I am still skeptical about a possible strong growth, as the fundamental background is weak. Technically, the price may bounce from any nearby strong level. Resistance levels: 2633, 2650 Support levels: sma, 2606 We may not expect strong moves at the end of the year, the market is already celebrating the end of 2024. But the probability is there. Emphasis on the nearest strong levels from which the fall may resume Regards R. Linda! Happy Holidays to all and a productive new year 2025!
FX:XAUUSDShort
by RLinda
12
USDJPY → Consolidation in the buying zone FX:USDJPY continues its bullish rally on the background of growing dollar. The fundamental background is on the side of the dollar, which is generally a negative factor for the yen. Technically, the price is still inside the uptrend. Moreover, the currency pair is breaking the flat resistance and after the correction and false breakout, it is consolidating above 156.75. If the bulls hold the defense above this level, the currency pair will head towards 160-162 in the medium term. The technical and fundamental background is on the side of the buyer. Resistance levels: 157.76, 160 Support levels: 155.88, 154.5 Price consolidation above 156.76 and further breakdown of the local maximum will provoke active purchases, which may lead the price to the targets indicated on the chart. Regards R. Linda! Happy Holidays and a productive 2025!
Long
by RLinda
2
ZEN Skyrockets 244% – Is a Correction Around the Corner?ZEN has experienced an impressive +244% rally over the past 7 days, completing 7 consecutive bullish days. Key Resistance Levels: 0.618 Fibonacci Retracement: Reached for the entire structure (logarithmic scale), providing an ideal short entry. 0.666 Fibonacci Retracement: Located at $53.55, perfectly aligning with the previous significant swing high, further strengthening resistance at this level. Psychological Level: $50 serves as a critical psychological barrier. The rally suggests an imminent correction due to overextension. Multiple resistance levels indicate a high probability of price cooling off. Short Setup: Elliott Wave Completion: 5-wave structure appears completed, signaling the end of the bullish trend. Take-Profit Targets: First TP: $39.68 (Fib 0.618 of the current wave). Second TP: $33.74 (Fib 0.382 of the entire structure). Risk-Reward Ratio: Targeting 0.382 offers a +25% gain.
Short
by SiDec
1
GOLD → A reversal pattern for a further fallFX:XAUUSD is consolidating below the key point - 2620. Against the backdrop of a strong and growing dollar, gold has a chance to test local lows Gold price gains are likely to remain subdued as the US dollar continues to be supported by the hawkishness of the Federal Reserve at its December meeting. Trump's protectionist policies are fueling inflation expectations, setting the stage for higher interest rates. In addition, amid Christmas holidays and reduced trading volumes, market participants are inclined to maintain positions in the US currency. Thus, gold is still seen as an attractive instrument to sell in case of attempts of its recovery, except for cases of sudden geopolitical aggravations, for example, in the regions of the Middle East or Eastern Europe. Resistance levels: 2620 - 2622, 2633 Support levels: 2606, 2590 Emphasis on 2622. If the bears keep the price below this zone, it is worth looking at local support levels, as a breakdown of these levels will only strengthen the fall to 2600-2560. Regards R. Linda!
FX:XAUUSD
by RLinda
10
BITCOIN → High risk. Falling towards 70K or rising towards 100K?BINANCE:BTCUSD is forming a correction phase after Powell's speech last week. If the price goes beyond the accumulation boundaries, there will be a risk for a strong fall as the price is approaching the panic zone... Bitcoin is still in high demand, but private traders are going into a phase of profit taking after negative news, while institutional traders are taking advantage of the moment and buying the asset at a cheap price. But it doesn't mean anything. Fundamentally, Trump gives a big chance to the cryptocurrency market, but after winning the presidential election the excitement starts to fade and then the risk of revaluation increases. If the market does not get what it was promised, a deep correction may occur. Also, the Fed played a negative role last week: slowing down the rate cuts and negative tone about the strategic reserve and reluctance to have BTC on their balance sheet. Technically, despite the breakout of the ascending channel support, the price is still inside the 99K - 86K consolidation Resistance levels: 99300, 103600 Support levels: 91780, 86700, 82700 The price is approaching the support. If the market keeps the price in this zone, bitcoin will have a chance to recover to 100K. But, if the fight for 86-84K zone starts, then everything will depend on the general market background, a negative background can provoke a breakdown of strong support and the price will fall into the void zone... Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
24
Alibaba: Will $BABA Bounce Back or Break Key Support (Daily TF)Hey everyone, below is an analysis on NYSE:BABA using MACD, RSI, Fibonacci levels and technical (gap) levels. Current Price Levels: NYSE:BABA is trading around $89.35, down significantly (~26%) from its October 7 high of $117.82. A notable gap between $85 and $86.95 suggests this is a key level of interest for potential support or further downside risk. Momentum Indicators: MACD: Shows signs of curling upward, which could indicate momentum shifting toward bullish sentiment. RSI: Currently not oversold (at 36), but still in a relatively low range, suggesting there is room for price recovery. Technical Levels: Gaps and Fibonacci retracements are marked as potential resistance and support zones: Gap resistance levels: $93.33-$95.05 and $96.80-$99.18. Higher resistance levels around $104.41 (gap from October 15) and $117.82 (October high). Previous daily high at $89.50 could act as near-term resistance. Fibonacci Levels: The chart includes a retracement from the October high ($117.82) to recent lows, with levels such as 0.236 ($90.29), 0.5 ($102.53), and 0.786 ($111.27) potentially serving as resistance on any upward move. Feedback and Outlook: Support and Resistance Analysis: Support: The gap zone between $85-$86.95 may provide a strong base if selling pressure continues. A break below $85 could indicate further downside. Resistance: Short-term resistance is seen at $90.29 (0.236 Fib level) and $93.33-$95.05 (gap resistance). These levels will likely be tested if buying pressure builds. Gaps to Be Filled: If the price begins to recover, the first upside target would be filling the $93.33-$95.05 gap. This aligns with Fibonacci retracement levels and may act as strong resistance. Outlook: Bullish Case: If momentum continues to build, expect a recovery toward the $93-$95 range, with further potential to reach $102 (50% retracement). This would require breaking above immediate resistance at $90.29. Bearish Case: If the current support at $85 fails, further downside to test levels around $80 or lower is possible. Final Thoughts: The chart suggests a cautious bullish outlook in the short term, especially if the $85 support holds. Watch for price action and volume around the resistance zones to confirm whether this is a dead-cat bounce or a true reversal. Currently in NYSE:BABA 1/17/25 $100c (BOT @ $1.73).
NYSE:BABALong
by Brandonthrives
PEPE Analysis - What Shall we Expect !!!After breaking the ascending triangle, the price experienced significant growth. As you can see, the price has now dropped to the 0.618 Fibonacci line. Market volume indicates that the price may not be able to break above the 0.618 line, which means the price could drop to the 0.382 line before rising again. Previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
1
GOLD → Correction before further declineFX:XAUUSD is testing the zones of interest within the counter-trend correction after it managed to break a rather strong level earlier. The fundamental background is not very good, there is bearish pressure on the market. The negative impact on gold is built around the hawkish stance of the Fed (inflation, Trump's future policy and the economic data of the last two weeks). The cycle of interest rate cuts may slow to 2 rate cuts for 2025. Friday's correction is mainly due to PCE data, but I don't think it will change the global picture. Towards the end of the year, it is logical to reduce liquidity in the markets, which could increase mispriced volatility in the market. Be careful! The gold market is still supported by the conflict in the Middle East and Eastern Europe. Technically, price is forming a flag after a strong decline. At the moment the price is inside the pattern and for trading it is worth paying attention to the boundaries of the local channel. Resistance levels: 2620, 2631, 2640 Support levels: 2606, 2560 Emphasis on 2620. If the bears break the level and keep the defense below the level, it can generally increase the pressure, which will provoke the price drop. But I do not rule out an attempt to break the channel resistance and retest 2640-2650 before a further fall. Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone. The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair. The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO. Technically, against the background of a strong rallying dollar, the euro has almost no chance. If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term. Resistance levels: 1.0448, 1.053 Support levels: 1.033, 1.022 At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline. Regards R. Linda!
Short
by RLinda
1
MKR/USDT 4H Interval ChartHi everyone, let's look at the 4h MKR to USDT chart, in this situation we can see how the price has broken out of the uptrend line and the attempt to return above it has failed. Locally, a downtrend line is visible and the price remains below it. Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels: T1 = 1708 USD T2 = 1844 USD T3 = 1955 USD T4 = 2067 USD T5 = 2225 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 1591 USD SL2 = 1386 USD SL3 = 1118 USD On the RSI indicator, we can see how we have turned back after crossing the upper boundary and it can be seen that there is still room for the price to continue to fall.
by cryptodailyuk
GOLD → Short to medium term perspectiveFX:XAUUSD after breaking through the support and updating the local minimum is returning to the area of 2620-2625, fueling the hopes of the bulls for possible growth. But, the medium-term picture for gold is not stable. Let's understand The strong dollar, which soared to local highs is a threat to gold going forward, as the Fed's hints of halting the rate cut course and adopting a hawkish stance on monetary policy has affected the market quite aggressively. There are 2 rate cuts pledged for 2025. Not to forget Trump's policies in general - the impact on rising inflation.... There are two interesting charts online that should not be overlooked: Statistics play an important role in shaping prices, but it is worthwhile to base this on actual fundamental and technical data. You should not use these statistical charts as primary data, but you can take them into account. We will analyze the dollar in terms of cycles and possible reversal in the second half of January and further as Trump acts.... As for gold, technically, in the short and medium term, I expect the decline to continue for the following reasons: - the bearish structure is confirmed - a localized retest of the zone of interest and imbalance is forming before a further fall. - The bearish trend has not broken within the framework of the December 10-13 movement. - price updates local lows We continue to follow the zones: 2631-2636 and 2650 Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
14
PNUTUSDT → Double bottom. One step away from a rally BINANCE:PNUTUSDT.P accumulates good potential for possible growth by 30-50%. After a strong fall (Dump), a reversal pattern appears on the chart. Against the background of bitcoin standing still, pnut forms a double bottom and enters the rally phase. There is resistance at 0.75 ahead. If the coin can break this zone and keep the defense above the level, the coin can fly to 1.0 in the short to medium term. Resistance levels: 0.75, 1.0 Support levels: 0.6 If the bulls can overcome the strong resistance of 0.75 and can consolidate above this area, we have a great coin with good upside potential. Primary target is 1.0, next targets are 1.15, 1.35. Regards R. Linda!
Long
by RLinda
5
NEAR - Primed for Action: Long Setup to $6 NEAR experienced a strong bounce after a significant sell off. The price has now retraced into the golden pocket zone (0.618–0.666 Fibonacci retracement) and appears to be accumulating within this range atm. Key Observations and Trade Setups: Accumulation at Golden Pocket: The formation of a trading range in this area indicates that buyers are stepping in. Once volume begins to pick up, it could signal the start of an upward move. Upside Target: Using the Trend-Based Fibonacci Extension, we project a 1:1 target around $6, which coincides with a key resistance level and another golden pocket zone. This provides a potential gain of +22% for the long trade over the coming days. Short Opportunity at Resistance: The $6 level represents a strong confluence of Fibonacci and resistance, offering an excellent shorting opportunity if the price gets rejected there. Trade Plan: Long Setup: Entry: Current accumulation zone around $5, also a key level to watch Target: $6 for a possible +22% gain Stop Loss: Below $4.50 Short Setup: Entry: Around $6, once rejection is confirmed Target: Depending on confirmation, potentially back to the golden pocket zone
Long
by SiDec
8
Will XRP stay in the sideways trend channels?Hello everyone, I invite you to a quick review of the XRP to USDT chart on the 12H interval. As we can see, the XRP price is moving in a sideways trend channel in which the price bounce did not effectively overcome the resistance at $ 2.27, the next resistance is at $ 2.47, but then we have visible resistance at $ 2.61, another strong resistance is at $ 2.78, and only when we have a positive exit from the channel, the price can get a strong upward impulse around the resistance at $ 3.29. In a situation where the market will have a further reaction and the price will start to fall again, we have visible support at $ 2.22, then strong support at the lower limit of the channel at $ 1.94, however, if the price leaves the channel at the bottom, it may get a drop to around $ 1.72, and further, taking into account the height of the channel, there may be a price reversal to $ 1.39. The RSI indicator has room for continued growth, but a lot depends on the behavior of BTC itself.
by cryptodailyuk
1