TypeBearish ReversalPivot: 63679.07Resistance: 66781.83Support: 59497.32Preference:Price broke out of an ascending trendline, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards the 1st Support level in line with 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price could push all the way up to the 1st Resistance in line with 100% Fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-bearish-breakout-or-26th-oct-2021"
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