The price has reached the yellow trendline, and in the previous two instances this led to significant short-term corrections:
📉 July 2024: -15.6%
📉 December 2024: -7.1%
Currently: optimistic correction target at 23,970 (-3.2%), and if that doesn’t hold – strong support at 22,223 (-10.2%).
📉 July 2024: -15.6%
📉 December 2024: -7.1%
Currently: optimistic correction target at 23,970 (-3.2%), and if that doesn’t hold – strong support at 22,223 (-10.2%).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.