the key resistance is now at the 4590 / 4600 levels, if it respects, the falls could first reach 4300 points and from there to 4000. with enough selling force we could reach 3900 even 3750
still missing fall here. If it doesn't break above the 4490/4500 levels, the bears will remain in control. proceed carefully.
Breaking down the 4200 and 4100 levels we could witness a big drop in this index and in the economy.
Important indicators point to further declines. losing the 4200 level we would be in the presence of a very important fall, I think that everything will depend on the results of the geopolitical conflicts. On the contrary, if we break the 4500 upwards we could see the 5000 level in a short time, but for now the chart looks a bit complicated.
waiting for the price to reach the lower levels marked
geopolitical tensions and problems added to the mixed employment data in the usa push the price down more and more
we are in the presence of a large gap that continues to fall. I would not buy for the closing of the gap, I would rather wait for the stock to reach 190 / 170 points to buy
the price is Bouncing within a chartist fomartion, i think that after last movement marked in (e), the falls in this pair will continue.
As long as the price remains below 4600/4630 points, the declines could continue. Only a break above these mentioned levels could take the bull market directly to 5000 points. In my opinion, with such an overbought RSI on lower timeframes, the market remains bearish as long as it doesn't show me otherwise.
The price extended in the fall of the first three waves. Now the price should return to a new high. Tjhe most important level here is 4600, if it stays below and the current geopolitical problems take hold, we will see a powerful fall.
If my analysis is correct, 5 movements have just been completed within a triangle. so the fall could be looking for the base price of this in the 4300 points, it could even reach 4000 points.
the price is within a triangular formation which could indicate that we will visit new highs before falling further.
The price was extended more than expected. With an overheated Rsi in the main timeframes and with a wave count reaching its end, I expect the drop in the current levels marked on the chart.
In this coin I see a possible lateral triangle pattern, everything points to a possible rise.
Completing the expected movement in ABCDE. Now we stretch by touching point D to fall to E.
we are still waiting for a new high before the imminent fall.
Apparently after the expected rise an abcde pattern has formed. Let's wait and see how the market develops.