- See the image for the info of support and resistance
- break the trend line would be devastating for bullish trend.
- if this rounding pattern is plays out.. the estimated target would be around 10.000 usd.
- Indicators overall is show a bearish divergence quite clearly at 4 hour chart, indicate a trend shifting warning ahead. On 1 day chart is slight divergence in certain in indicators. it is possible the indicators could expand more momentum to negate the bearish divergence also the top of the price action still not being confirmed yet until candlestick is closes on daily.
4 hour chart
1 day chart
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Comment:
it seems just rejected from golden ratio fibonacci line quite precisely, although it's short term rejection. we will see how the couple candlesticks would looks like in short term future.