Type: Bearish ReversalKey Levels:Resistance: 59494.65Pivot: :57669.37Support: 53630.53Preferred Case:Price is reacting in between the descending channel, signifying overall bearish momentum. We can expect price to drop from pivot level in line with 78.6% Fibonacci retracement and 127.2% Fibonacci projection towards 1st Support in line with 78.6% Fibonacci projection and overall graphical support.Alternative Scenario:Alternatively, price could push upwards to the 1st Resistance in line with 161.8% Fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-bearish-continuation-30thnov"
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