There are signs of a rebound in the small timeframe, and the daily candlestick closed above the green line.


The green line is the lower edge of the structure, and it has not fallen out of the structure at present.
The minor resistance levels are 89500 and 91400 (important).
Once 91400 is broken through, we can confirm seeing above 100K.
I see this wave between 101-105k. Because the yellow trend line above is too neat and there have been no false breakouts, the possibility of a direct drop to the target is unlikely here.
Here I see wave B rebounding to 101-105k, and then wave C targeting 80+, even 78.
However, it is still important to note that a direct collapse here is possible, or a rebound as expected but no further decline is also possible. Technical speculation is just a speculative based on, and cannot predict what specific black swan or good news will happen. So it is still necessary to react according to the specific situation and do a good job in risk control of positions.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)