BCH.usd eyes on $725 : Resistance to give dip for Halving Entry?

ที่อัปเดต:
BCH halving run seems to be at hand.
Price is about to hit a key resistance.
Possible end of local wave, to dip soon.

$ 721.50 - 729.41 is the major resistance.
$ 575.73 - 583.29 is the first strong support.
$ 634.43 - 636.10 minor support via dual fibs.

We may blast thru, then look for retest entry.

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บันทึก
Dip under way, first support just hit
สแนปชอต

Zoom in (m15) and a fib in red for the dip
สแนปชอต
Our existing blue 3.618 fib has been reinforced by new red 5.854.
So this support should be pretty strong, we better bounce a bit here.

.

Zoom in more (m1) and add another red fib set for last leg down
สแนปชอต
We have another reason to bounce here.

This is only first possible support,
but we MUST see a little bounce here,
or we can not count on next support.

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บันทึก
Updated h4 view:
สแนปชอต
Very possible we have a bottom.

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.
บันทึก
Bottom was NOT in, but we may have a "higher low"
สแนปชอต

Zoom in (m3)
สแนปชอต
That is a "Ping" from "give me a Ping Vasilly, One Ping Only"
Such an exact ricochet will excite and alert the sister fibs,
like a bug hitting a spider web, the vibration radiates.

.

SUMMARY:
- There is a chance we have bottomed.
- $422.05 is the key support that must hold.

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บันทึก
Thus my enthusiasm for Pings
สแนปชอต
In folllowup to last snapshot above,
that Ping marked the bottom it seems.

.

Zoom back OUT (h4) to our orignial scale
สแนปชอต
We are now up against TWO 2.618's,
so this will be a very strong resistance,
as it has already proven on last push.

So we will paint that zone red
สแนปชอต
and look for a break, ideally Break-n-Retest.

.

SUMMARY:
- Odds of bottom being in have increased
- $480.75 to 497.85 will determine if bottomed

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.
FibonacciSupport and Resistance

the Golden Ratio is my Religion
the Trading View is my Nation
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