- Everything is in Chart.
- Actually TheKing entered a a correction phase.
- We climbed for 4 Months Straight.
- This kind of retracements are just normal.
- if TheKing still bullish the maximum correction will hit -38.2% Fibo (around 25k$).
- if Theking get hurts by a bad news (FA), the correction could bring the price around -61.8% FIbo (around 21.5k$).
- The worst max pain dip would be around -78.6% Fibo (around 18.5k$).
- Have a quick look at EMAs Rainbow Crossing up to get a more clear view and understand future movements.
-- imho we are still slowly turning to a bullish impulse.
-- Nothing confirmed that we will hit lowers prices for now.
Stay Safe !
Happy Tr4ding !