1-2-2down Triggered
As of now price is above the 6month .50 and seems to be targeting the retest of the yearly BF(orange line) Also that lines yup with the rested level of last months .50/.618
As of now the level to watch is $4108.75. Price needs to build over that level to invalidate the 2 down trigger on the month. So keep focus and don't get caught up with the hype.
Levels to pay attention to and why?
- $4078.00 is last month retest level. Price will either reject or build over, my guess is that it rejects.
- Price targets for Monthly 2Down Trigger
- $3947.50
- $3924.25
- $3914.75
- $3895.00
- We already have trigger on the month, so direction is determined. The only focus is the continuation down or watch for any signs of invalidation.
