We see a strong support in the highlighted area so here is my analysis, by looking at the oscillators it seems very over sold which made me think that it will bounce off the strong support.
But due to the double top we might see a downtrend continuation, by using external fib it will probably drop to 1.618 (The target I highlighted)
So I think we should wait for...
BNB are now testing 200 ema which means it is testing to breakout to the uptrend what will happen? will it bounce off from 618 fib or 50% fib or will it breakout to the highs?
Now take this in mind there is still fed and more tappering from the outside so I suggest to watch out
What will I do?
I will wait for confirmation then I will trade otherwise Im watching.
Ive shorted ETH at 50% fib and tp at the first support now this could go both ways, (Tho I said on my previous idea that it was going to 618 fib instantly Ive change my mind when the candle is showing a struggle to push through the resistance and oscillators changing its flow) the scenario Im looking for or hoping for is it hitting the 618 fib and would be a...
