Next down move may start soon
The rise from 88 have been all corrective and can be marked an X wave.
Currently price is taking resistance at 20 Weekly SMA and upper end of the downward sloping channel.
One more up leg is not ruled out which may break the channel line temporarily.
We expect the next leg down to below levels may start post completion of the upmove
- 77 - 38.20% retracement of whole rise from 2020 lows
- 66 - 50% retracement levels.
Lets see how this develops.
Currently price is taking resistance at 20 Weekly SMA and upper end of the downward sloping channel.
One more up leg is not ruled out which may break the channel line temporarily.
We expect the next leg down to below levels may start post completion of the upmove
- 77 - 38.20% retracement of whole rise from 2020 lows
- 66 - 50% retracement levels.
Lets see how this develops.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。