The favourite coin of majority in the crypto space looks to be having a hard time.
Here is What you need to know for a reversal to take place.
We either have a Running flat correction or a Expanded Flat correction in play.
Depending on which fib level we get that reversal, it's uncertain to say where the bottom is for now.
However, we know that if price fails to get a bounce here, we have the 123.6 fib region next to find support, and if that fails we have the 161.8 fib support to get a reversal next.
Worst case scenario is the 1.618 fib support.
Pls like and share your thoughts in the comments section.
Check out similar ideas below.
Here is What you need to know for a reversal to take place.
We either have a Running flat correction or a Expanded Flat correction in play.
Depending on which fib level we get that reversal, it's uncertain to say where the bottom is for now.
However, we know that if price fails to get a bounce here, we have the 123.6 fib region next to find support, and if that fails we have the 161.8 fib support to get a reversal next.
Worst case scenario is the 1.618 fib support.
Pls like and share your thoughts in the comments section.
Check out similar ideas below.
Comment:
1.236 fib support reached
