Bulls have failed to prove their strength.
3 PEAKS
Invalidation of this pattern consists of a break of $13,208 USD
Bulls have yet to prove their strength with a break of the invalidation line, thus suggesting a possible retest of the Breakout Line or complete reversal.
We have been achieving lower highs since the 17 of July, suggesting the loss of bull momentum.
Below is a list of loading zones, Id suggests stacking buys in these areas.
Loading Zone:
0.5 Fib $8500
.618 Fib $7227
.65 Fib $6883
3 PEAKS
Invalidation of this pattern consists of a break of $13,208 USD
Bulls have yet to prove their strength with a break of the invalidation line, thus suggesting a possible retest of the Breakout Line or complete reversal.
We have been achieving lower highs since the 17 of July, suggesting the loss of bull momentum.
Below is a list of loading zones, Id suggests stacking buys in these areas.
Loading Zone:
0.5 Fib $8500
.618 Fib $7227
.65 Fib $6883