Possible retracement near $5500 soon
TradingView (JoeyRocket) - If we don't tank to the 3k area soon I could see a retracement up to the 518 Fibonacci level.
The BTC chart seems to respect it veery well and it would make sense. The big hurtle is the 50% but once we get passed that it could be smooth sailing up to the 618.
I do think we'll have a tough time passing through since there is a fair amount of resistance in that area but it would be nice.
Great luck and please like/share the post if you found this insightful! Please share ideas if you see holes in my TA, it will help me and the people reading this. Thanks!
I'm no pro and I will make mistakes so its always great to get 2nd and 3rd opinions after mine.
Joey Rocket Cryptos
The BTC chart seems to respect it veery well and it would make sense. The big hurtle is the 50% but once we get passed that it could be smooth sailing up to the 618.
I do think we'll have a tough time passing through since there is a fair amount of resistance in that area but it would be nice.
Great luck and please like/share the post if you found this insightful! Please share ideas if you see holes in my TA, it will help me and the people reading this. Thanks!
I'm no pro and I will make mistakes so its always great to get 2nd and 3rd opinions after mine.
Joey Rocket Cryptos
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