The crypto correction we have all been waiting for...
I am seeing strong support according to the 0.618 fib retracement, in addition, the RSI is almost at 30 near the oversold level, resulting in a good buy-in opportunity. However, if the price drops below the 0.618 fib level, I would be very cautious and wait for consolidation before making a large buy order.
Not financial advice, just what I see happening. Let me know what you guys think!
I am seeing strong support according to the 0.618 fib retracement, in addition, the RSI is almost at 30 near the oversold level, resulting in a good buy-in opportunity. However, if the price drops below the 0.618 fib level, I would be very cautious and wait for consolidation before making a large buy order.
Not financial advice, just what I see happening. Let me know what you guys think!