Confluence of multiple support zones at the circled level on chart.
Parallel trend line in light blue.
.5 fibonacci retracement of 22/12 lows to 27/12 highs & previous support (dark blue line) all the way back to 10/12 which has acted as support on a few other occasions.
1 fibonacci extension level with 28/12 lows.
A break of this level and we'll see an extended dip towards "target" level.
A bounce will lead to expected retest of 15k level.
Parallel trend line in light blue.
.5 fibonacci retracement of 22/12 lows to 27/12 highs & previous support (dark blue line) all the way back to 10/12 which has acted as support on a few other occasions.
1 fibonacci extension level with 28/12 lows.
A break of this level and we'll see an extended dip towards "target" level.
A bounce will lead to expected retest of 15k level.
Kommentera:
$13400 level broken. Next support zone around $12700
Kommentera:
retesting former support