Type: Bearish ReversalKey Levels:Resistance: 41572Pivot: 39606Support: 34413Preferred Case:On the H4, with price currently moving below the Ichimoku cloud, we have a bias that price will drop to our support at 34413 in line with the swing low support and 100% Fibonacci projection from our pivot at 39606 in line with the horizontal overlap resistance and 23.6% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot and head for 1st resistance at 41572 in line with the horizontal overlap resistance and 50% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-i-potential-bearish-drop"
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