BTCUSD, H4 | Potential Bearish Drop

btcusd,-h4-|-potential-bearish-drop

Type: Bearish ReversalKey Levels:Resistance: 45637Pivot: 44565Support: 42905Preferred Case:With price moving below the Ichimoku indicator, we have a bearish bias that price will drop to our 1st support of 42905 in line with the swing low support from our pivot of 44565 in line with the pullback resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may rise to our 1st resistance of 45637 in line with the 61.8% Fibonacci retracement.

Source: Tickmill

Related Posts