Looks like we are finding resistance at 0.382 Fib Retracement at 10.894. RSI is already at 72 on 4H timeframe. If we find support on 0.236 Fib at 10.189 we should rise to around middle of the rising channel and top of the descending channel before next major fall.
Comment:
We found resistance perfectly on top of the descending channel. Sooner or later we are gonna have to test bottom of the channel.
Comment:
Another try by bulls but finding resistance on bottom of rising channel. If we don't get back into the rising channel or at least above 0.382 my green target is still valid.
Trade active:
Just like predicted, we perfectly found support on the middle of descending channel, we need to see another lower high before we drop completely below 9k
Comment:
This is deciding moment. We are finding resistance at 0.382 fib and top of descending channel. THIS IS LAST CHANCE FOR BULLS.
Comment:
AAAND bulls failed hard