Fibonacci Retracement Analysis
The retracement is drawn from the local high of $107,925 to the low of $80,745.
Current Battle (0.382 Level): The price ($91,310) is currently piercing through the 0.382 Fib level ($91,130).
Significance: This is the first major hurdle for bulls. Closing the daily candle above this level suggests the recovery is sustainable and not just a "dead cat bounce."
Next Resistance (0.5 Level): The next target is $94,335.
The "Golden Pocket" (0.618 Level): The most critical trend-reversal level is at $97,540. This is often where bearish algos reload their short positions. A break above this level confirms a macro trend shift.
Bollinger Bands & Moving Averages
Middle Band (20 SMA): The blue line (Middle Band) sits at $96,874.
Technical Insight: Notice that the Middle Band is currently above the price. This means the immediate trend is still technically bearish. The price often gravitates toward this mean ($96k) to test it as resistance.
Confluence: The Middle Band aligns very closely with the 0.618 Golden Pocket ($97,540). This creates a "confluence zone" of heavy resistance between $96k and $97.5k.
The "Red Path" Projection (W-Pattern)
Impulse: Price rallies to the confluence zone ($94k - $97k).
Correction: Price pulls back to set a Higher Low (likely retesting the $87k - $91k region).
Breakout: Price blasts through the previous high of $107,925.
Target: The extension target is the 1.618 Fib at $124,720.
Diagonal Resistance Break: Look at the thick green line going downwards. The current candle is actively breaking out of this diagonal trendline. This is a classic breakout signal.
Critical Levels Cheat Sheet
Level Price Action/Note
Target 2 (Extension) $124,720 The bullish "Red Path" ultimate goal.
Major Resistance $97,540 The 0.618 Golden Pocket (Must break for bull run).
Dynamic Resistance $96,874 The Middle Bollinger Band.
Immediate Support $91,130 The 0.382 Fib (Needs to hold as new floor).
Critical Support $87,160 The 0.236 Fib. Losing this invalidates the rally.
Floor $80,745 The recent low.
The retracement is drawn from the local high of $107,925 to the low of $80,745.
Current Battle (0.382 Level): The price ($91,310) is currently piercing through the 0.382 Fib level ($91,130).
Significance: This is the first major hurdle for bulls. Closing the daily candle above this level suggests the recovery is sustainable and not just a "dead cat bounce."
Next Resistance (0.5 Level): The next target is $94,335.
The "Golden Pocket" (0.618 Level): The most critical trend-reversal level is at $97,540. This is often where bearish algos reload their short positions. A break above this level confirms a macro trend shift.
Bollinger Bands & Moving Averages
Middle Band (20 SMA): The blue line (Middle Band) sits at $96,874.
Technical Insight: Notice that the Middle Band is currently above the price. This means the immediate trend is still technically bearish. The price often gravitates toward this mean ($96k) to test it as resistance.
Confluence: The Middle Band aligns very closely with the 0.618 Golden Pocket ($97,540). This creates a "confluence zone" of heavy resistance between $96k and $97.5k.
The "Red Path" Projection (W-Pattern)
Impulse: Price rallies to the confluence zone ($94k - $97k).
Correction: Price pulls back to set a Higher Low (likely retesting the $87k - $91k region).
Breakout: Price blasts through the previous high of $107,925.
Target: The extension target is the 1.618 Fib at $124,720.
Diagonal Resistance Break: Look at the thick green line going downwards. The current candle is actively breaking out of this diagonal trendline. This is a classic breakout signal.
Critical Levels Cheat Sheet
Level Price Action/Note
Target 2 (Extension) $124,720 The bullish "Red Path" ultimate goal.
Major Resistance $97,540 The 0.618 Golden Pocket (Must break for bull run).
Dynamic Resistance $96,874 The Middle Bollinger Band.
Immediate Support $91,130 The 0.382 Fib (Needs to hold as new floor).
Critical Support $87,160 The 0.236 Fib. Losing this invalidates the rally.
Floor $80,745 The recent low.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.