The asset, after an almost uninterrupted 2-week decline, seems to have found local support for itself in the form of the previous level of horizontal accumulation - $ 8,200 - $ 8,400, and small purchases have already started from here.
Right now we can see a less strong, but still reversal candlestick pattern: long-legged doji.
After a long downtrend, the opposite is true. The bears have been victorious in previous battles, forcing prices down. Now the bulls have found courage to buy and the tide may be ready to turn.
Bottom line: Our goal is 0.382 Fibo from the entire fall ~ $ 9100-9200.
Right now we can see a less strong, but still reversal candlestick pattern: long-legged doji.
After a long downtrend, the opposite is true. The bears have been victorious in previous battles, forcing prices down. Now the bulls have found courage to buy and the tide may be ready to turn.
Bottom line: Our goal is 0.382 Fibo from the entire fall ~ $ 9100-9200.
