Drawing the fib from the bottom of the candle, that broke the resistance, to the highest point present. We can see the fib 78.6% lining up perfectly with the CME GAP, marked as the red zone (found on BTC1! 4H timeframe, price 7625-645, gap on so to say 25th of April).
As the area is now acting as support it would be ideal to go long from there. Also the 200 MA is creeping up slowly to that point.
NB! No trading advice, do your own analysis!
As the area is now acting as support it would be ideal to go long from there. Also the 200 MA is creeping up slowly to that point.
NB! No trading advice, do your own analysis!
Comment:
We have broken through the triangle just to confirm the newly formed trendline
Comment:
