The price is going towards an important resistance area: between 24700 (EMA 200 periods on daily tf) and 24900 points (highest price of the last 4 months) there are resistances that in case they should reject the attempt to break on the upside, they will start again a sales phase similar to that of December.
So far, the price is destined to test that area, but, based on the fundamental scenario that is being seen in the United States, it is very probable that from those levels investors will return to bet downwards with short-term targets towards the identified support from 50% of the Fibonacci retracement at about 21200 points.
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So far, the price is destined to test that area, but, based on the fundamental scenario that is being seen in the United States, it is very probable that from those levels investors will return to bet downwards with short-term targets towards the identified support from 50% of the Fibonacci retracement at about 21200 points.
Join us for further analysis on:
Instagram : www.instagram.com/bfcminvest/
Telegram: t.me/bfcminvest
Facebook Page: www.facebook.com/bfcminvestment/
Web: www.bfcminvest.com