The 0.618 Fibonacci retracement was acting as a strong support until it was broken, and it recently acted as a ceiling for price (thus flipped resistance).
LTCBTC recently tested this level and was unsuccessful (having been shorted at said Fib level which also converged with the 50 EMA) - denoted by the green box.
3 possible entries (all shown by the light blue lines and boxes):
1. The breakout once/if it happens.
2. The horizontal line which is the 4H Kijun Sen on the Ichimoku Cloud, and also used as support by price fairly recently.
3. The lower 0.786 Fib level.
LTCBTC recently tested this level and was unsuccessful (having been shorted at said Fib level which also converged with the 50 EMA) - denoted by the green box.
3 possible entries (all shown by the light blue lines and boxes):
1. The breakout once/if it happens.
2. The horizontal line which is the 4H Kijun Sen on the Ichimoku Cloud, and also used as support by price fairly recently.
3. The lower 0.786 Fib level.
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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。