BTC - RSI in TROUBLE for SHORT TERM Continuing this long standing analysis on Bitcoin since I first pointed out the danger of an M-Pattern forming:
The Weekly RSI has dropped under 50 , which is bearish for the time being (until the RSI gets back above 50). However, this alone does NOT mean we're back in a bearish cycle. Watch the video to see the conditions.
Previously, we were discussing the likelihood of a 20% retracement:
To clarify - I still think it's likely for Bitcoin to see another ATH this year. But, as I pointed out in the fractal, it could be a multi-month playout.
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BINANCE:BTCUSDT
Bitcoinprice
BTC WILL RECOVERY BACK! 65K - BTC did always recovery back NEW BTC uptrend TREND ACTIVATION SINCE 30 MIN
we have seen an unexpected breakdown in BTC in the last few days since there are many news trends.
BTC has proof time by time that it can recover, and we expect that it will do so this time.
We are looking for the next 8H so that BTC can hold the volume and start to make a new recovery.
Since the history of BTC --> it has always recovered from halving to halving.
$53400 can become an important DIP buying y trend whales with a return to 65K
Don't follow news, follow only your study depending on data and TA.
all that is going on BTC, shows on price action.
56K did show before to be an important return point for the trend.
Crypto Market Update July 5, 2024Bitcoin Trend Analysis
Bitcoin's price declined -16% over the last four days. Following yesterday's open and close below the High-Volume Node Range, Bitcoin's price descended swiftly through the Low-Volume Node to reach a spot low of $53,219.
As I have taught for years, price moves quickly through Low-Volume Nodes, either through them or away from them. Contrast that with how long Bitcoin's price ranged through it's High-Volume Node for comparison.
Throughout last night's London Session, and today's early morning New York Session, buyers have stepped back in across the market, taking advantage of Bitcoin's discounted price and pushing our current price up 5% from its lows.
We have now closed two Daily Candles below the Daily 200 Simple Moving Average. On all previous occurrences, we have "rallied" back upwards to re-test the breakdown point. Comparing this with price's behavior when falling below the Realized Price Cost Basis of the Short-Term Holder Cohort (3-6 months), the dynamic is the same. Although we see that more accurately, price rallies to re-test that Cohort's Cost Basis.
That price is currently $60,500. That also aligns with the approximate breakdown level when Bitcoin's price began declining rapidly.
There is discrepancy in these historical examples with how quickly this rally occurred. In most occurrences, it happened very quickly, within a few days or week. In two of the examples, price consolidated sideways in a tight price range for approximately two weeks before making such a move. In those latter two examples, the rally was weaker then when price made a more V-Bottom shaped recovery.
However, one thing that is 100% accurate is that when price closes below the 200 Daily Simple Moving Average after reaching an All-Time High, it is a signal of the end of that current market cycle. During the last Market Cycle of 2021-2022, price did rally all the way to re-test the previous All-Time High and even made a slightly higher one. However, it failed to sustain a breakout and rejected, marking the Double Top end of that Bull Market.
Therefore, my analysis would suggest that this does indeed mark the end of the 2023-2024 Market Cycle, and unlike all previous historical Bull Markets we were not able to successfully sustain a strong breakout above previous All-Time Highs. Each previous Bull Market ended with a sustained stay in the 'Euphoria Phase' of the market - the most critical time when prices appreciate rapidly.
How quickly we bounce and how far, is dependent on current market factors.
As I have advocated our Academy Members and our reading public to be sitting in cash for over two months now, I feel quite justified witnessing the carnage wrought on the market with the fear and uncertainty of the last few days.
On a personal note, while I look back and see improvements on how I could have traded this (I didn't take large short positions that captured much of this bearish price movement past $60k) - my focus on Risk Management and Capital Preservation has allowed me to largely sit out this bloodbath.
Living to fight another day is the key concept of Money & Risk Management - if you lose it all, you can no longer trade. If you preserve your bankroll, there's always another trade.
Bitcoin Technical Analysis
Bitcoin's Bearish Trend is confirmed by the Gann Swing & DPMO Indicators.
We can see increasing sell-side Delta over the last four trading sessions, with Time Transformation marking the re-test of our Base Line with Hidden Bearish Divergence.
Price is not oversold on the Daily Timeframe, and we have Descending Trendline Support at approximately $50,000 - which also aligns with a previous consolidation range during Bitcoin's ascent and a High-Volume Node.
My current expectations are a re-tracement to approximately $60,500 - where we will evaluate the strength of a rejection if it occurs and consider targeting the $50,000 zone with short positions. Otherwise, if buyers are unable to create this rally immediately, we expect prices to fall to approximately $50,000 before a sideways consolidation and a weaker rally.
Bitcoin Liquidation Heatmap
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Something very interesting about futures markets can be taken away from today's Liquidation Heatmap.
As we can see, Long Liquidations were continually shattered as Bitcoin's price continued to decline. However, if you pay attention to the Liquidation Profile below the current lows, you can see it was very thin. Not many liquidations were there.
This is a general rule of thumb I've noticed with trends. If price is trending down strongly, and buyers are still buying and setting limit orders below price, then price is much more likely to continue trending down, as there is liquidity there. Similar with liquidation levels, as long as buyers keep longing and setting liquidation stops in great density below price, price often continues lower to snatch that liquidity.
However, once buying interest starts to dissolve, and buyers get exhausted, and liquidations stop appearing so densely, that's often when price stops and reverses. That's exactly what we see here. As we can see, on today's upthrust we've cleared most short liquidations.
That would mark right now as a high-probability zone to consider short entries, because if price continues upwards the short squeeze might accelerate to $58 - $60k as expected in my retracement analysis.
Well This Isn't A Good Look For BitcoinIt's been a hard couple of weeks in the crypto markets, and it is not looking much better when you zoom out to the weekly timeframe. The Logical Trading Indicator is flashing a sell signal on this week's candle which means that we have some serious downward momentum hitting the Bitcoin market.
For you new guys, this means that there is way more selling pressure coming into the market than buying pressure. Trading is nothing but a game of supply and demand. My thought is that the Bitcoin ETF news event earlier in the year caused us to go into an early cycle that broke all time highs WAY too soon. Now we are paying the price for that, literally...
Now that the big boys of Wall Street are manipulating the price, there is no telling what is going to happen. As retail traders, we just need to be able to catch and ride the waves because we don't have enough capital to move the price on our own anymore.
What I see happening is that if this weekly candle closes with this sell signal, that will drive the price of Bitcoin down closer to the next somewhat level of market structure, which is around $50k. After that, the next solid level is around $37K-$40K. Not saying it's going to happen, we all want to be optimistic about the price, but we have to face reality that Wall Street wants cheaper Bitcoin so they are going to short futures until they get it to the price they want to buy it at. Once they get their fill, then we could see some real fire works when it comes to a pump in price, but we just have to be patient and ride their wake for a while until it happens.
It's very important to not get caught up in the noise on social media and focus on the data in the charts. Fundamentally, Bitcoin is not making any changes. The only news is about regulations and on and off ramps, but nothing about the actual blockchain or it's mechanics. So based on that, BTC traders can really just focus on price movements for now. Don't let a small price pump fool you either, Wall Street wants cheaper Bitcoin, and they will get what they want.
Now on the flip side of this, if we hold this level as support, which honestly is not looking like the case as of this post, but if buyers do hold this level, we look at this dump as a shake out and may start the next leg up. So again, we have to be ready for anything. This is really why I just let the Logical Trading Indicator tell me when it's time to pay attention and when to trade.
Are you bears ready for another ride down? Or are you bulls gearing up for a moonshot?
Be careful out there in these volatile markets and trade logically!
BITCOIN ( UNDER TURNING LEVEL ) ( 4H )BITCOIN
HELLO TRADER S
Tendency the price trade below turning level at 56,752 , indicates is under bearish pressure
TURNING LEVEL : a blue line between resistance and support level around 56,752 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a black line around 59,383 , indicates selling have already increase this level , so if the price breaking turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 54,488 , indicates buying have already increase this level , so if the price stable below turning level reach this level
PRICE MOVEMENT : first the price will trying to rising a turning level around 56,752 , after dropping to the support level around 54,488 , then stable below this level reach 52,454 , if the price breaking turning level reach a resistance level by 59,383 , then stabilizing above this level reach a 63,383
TARGET LEVEL :
RESISTANCE LEVEL : 59,383 , 63,383
SUPPORT LEVEL : 54,488 , 52,454
Bitcoin : BTCUSD Weekly Chart AnalysisBitcoin : BTCUSD Weekly Chart Analysis
1. BTC made first weekly SIBI(red rectangle ) of this year, which is bearish move.
2. Expecting this drop to reach 50% of this
weekly range and then a bounce.
3. If it continue to drop then next Major Support level is Weekly BISI(Green rectangle) at Golden Fib.
Important BTC Update in Daily Timeframe.The daily close on BTC was at $57,050, and it is still trailing under the support range highlighted in a blue box.
I wonder if BTC could repeat its previous move from early May 2024, when BTC dropped as low as $56,555 and then bounced back 27%.
We are at the same juncture once again, and it will be interesting to see if history repeats itself.
Invalidation point: Breakdown and close below the $56.5k support.
Do your own research before investing.
Regards,
Team Dexter
#BTC
Bitcoin establishes new support level around previous ATH closeMany people have been losing sleep over the Bitcoin price action so I wanted to provide some technical analysis to show where we're possibly headed. I have a theory with data to back it up. If history repeats itself I believe Bitcoin has established a new baseline support level around $55k.
If you take a look at the Bitcoin chart on an 8-week time interval going all the way back to 2015, you can see every new all time high has a similar period of around 3 years of retracing back to the same level, before breaking through it again. Then after breaking the previous all time high, a new support level is established and price doesn't drop below the newly established support level. On this 8-week chart the previous all time high candle didn't close above $55k in August 2021. So, we have had almost 3 years of retracing back to this level and finally broke through it in Feb 2024. If my theory is true and history repeats itself, I don't believe we will see Bitcoin fall below $55k as this has become the new baseline support level.
*Of course, I could be wrong. Just a theory, not financial advice.
BTC finish to fall and will break out soon?Hey traders!
Here is the update for BTC. It seems like we touched the support line of the previous movement, and Fibonacci confirmed it. Plus, the RSI crossed the lower edge, indicating we could potentially go up from current levels.
However, we can't be sure about the buying reaction yet. We're moving within a bullish flag, which is forming a support line a bit lower than the previous low of this movement. So, there's a possibility we might drop to the $53-55k zone.
What are your thoughts, guys? You think we finish 3rd correctional wave or can go lower?
Bitcoin: We are at Bottom!Bitcoin's price has been moving inside a range for the last 125 days. Today, the price touched the 200 EMA and the bottom of the range, which can be considered a good support level for Bitcoin.
During the early stage of the previous bullish move, Bitcoin's price remained within an accumulation range for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move inside the accumulation range for the next 1-2 months.
Bitcoin's price moves sideways at the bottom of the accumulation range for the next few days, then we can expect a gradual upward move. Once the price breaks out of the accumulation range, we can expect a significant upward move.
ETH DOMINANCE Ethereum dominance showed strength a few hours ago. This is a great sign for large cap altcoins as well as Ethereum. There is only a little time left when he will show his strength.
It is important to be ready when the impulse comes. At some point, ethereum should jump by at least 50 to 100 percent.
Also Btc.D dominance will show the peak of bitcoin and then the altcoin season begins. Currently, the price of bitcoin is above 69300 both daily and weekly. Which shows that the trend continues, but I must not ignore Ethereum
July 4, 2024 Crypto Market UpdateBitcoin Daily Chart
Bitcoin has made a strong bearish movement below it's previously established low of $59,500 - igniting a wave of fear and panic selling in the market as we begin to break down across all major technical levels. Throughout our Daily Reports over the last week, we have warned about the importance of that price level, as violating it would violate the Consolidation Pattern and Range we have been trading in.
That break has now occurred, and the strength of our current Bearish Trend and negative implications for a quick continuation of the Bull Market Cycle are now in effect. The Directional Movement Indicator has confirmed this bearish trend since June 12th, with a rising Average Directional Index that rose above 20 back in late April - confirming the presence of bearish dominant movement.
We are also now trading below the Daily 200 Exponential Moving Average, a critical level of support.
Bitcoin Daily Technical Chart
Bitcoin has been trading below the Daily Base Line for several weeks now, following the Double Top pattern at approximately $70,000 in late June.
Sellers have also stepped in with strong force today, as seen by the overwhelming Volume Delta candle.
Time Transformation confirmed Hidden Bearish Divergence on our failed breakout of the low range on July 1st.
We are now no longer oversold on the Daily Timeframe, and $64,000 remains the level that needs to be reclaimed for any bullish momentum.
On-Chain Data
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Bitcoin is now trading below the Cost Basis of the Short-Term Holder Cohort with holding times of 3-6 months. Historically, every time this has happened it led to a deeper and longer correction before any period of price discovery, and when it happens following an All-Time High, on only one occurrence (2021-2022 cycle) did price make any significant recovery.
However, with only one exception, when price initially falls below this level, it does relatively quickly make a sharp move back up to re-test that level. This would be associated with what a "short squeeze" as the market steps in to punish late shorters before continuing the decisive movement back down.
This would hint strongly at a squeeze to $60,000 - $61,000. While most will be lured into longing this level, evidence suggests the appropriate move is to patiently wait to use that opportunity to exit any long exposure, and potentially enter short positions.
Bitcoin Liquidation Heatmap
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The Liquidation Heatmap shows the destruction of Long Positions, however, as I've pointed out the low volume of recent movements, we can see that while many long positions were liquidated, the dollar amounts are not what we've seen in previous weeks or months.
This confirms our assertion that Buying Interest has been steadily drying up, as the Demand Side of the equation has continued to weaken as prices have driven lower. Investor confidence has been heavily shaken by the failure to break above All-Time Highs and sustain a more pronounced rally.
We can see the liquidations drying up, and we now see the heavy cluster of Short Liquidations clustered at approximately $60,000.
This lends more strength to the argument that a short squeeze to that level would generate a high-value entry level for short positions.
Conclusion
Confirmation of a dominant Bearish Trend are coming in on all fronts. Sadly, we might have just witnessed the death toll for this current Market Cycle. That means, capital preservation and risk management are more important now then they have ever been.
BTC/USDTIf the price breaks the May low and fails to hold, we will see a significantly large movement where there are no particular zones, and the price will not stay there for long, resulting in impulsive movements. If, after breaking the May low, we return to this area and maintain the level, it will be a good retest of the weekly closing levels. If we cannot maintain this level, the price will not stop until approximately 54k.
BTC Bitcoin Technical Analysis - What Is The Chart Telling Us?👉🔍 In this analysis of BTC Bitcoin, we examine higher time frame charts that show a bearish trend with a retracement into resistance. I anticipate a possible retrace given that the market is overextended and trading into support. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only, and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
Technical Analysis for Bitcoin (BTC/USDT) with trade plan
Technical Analysis for Bitcoin (BTC/USDT)
Overview:
The chart indicates that Bitcoin (BTC/USDT) has formed a falling wedge pattern, which is typically a bullish reversal pattern. The price has recently hit a second bottom within the wedge and is showing signs of a potential breakout.
Key Levels:
Support Levels:
Immediate support around $58,000.
Stronger support at the lower boundary of the wedge around $55,000.
Resistance Levels:
Immediate resistance around $60,000.
Major resistance at $62,500.
Target resistance levels at $67,500 and $72,500 after a confirmed breakout.
Indicators:
Volume:
Volume is relatively steady, with potential for an increase during breakout attempts.
Market Cipher B (MCB):
The MCB indicator shows a potential divergence and has bottomed out, suggesting a potential reversal.
Relative Strength Index (RSI):
RSI is currently around 29.65, indicating oversold conditions and a potential for upward movement.
Stochastic RSI:
Stochastic RSI is showing a bullish crossover, indicating a potential for upward price movement.
Trading Plan:
Intraday Trading:
Entry:
Look for a bounce from the immediate support around $58,000 or a confirmed break above $60,000.
Stop-Loss:
Place a stop-loss slightly below the support at $57,500.
Targets:
First target at $60,000.
Second target at $62,500.
Scalping:
Entry:
Enter long positions on small pullbacks or breakouts above key resistance levels (e.g., $58,500 and $60,000).
Stop-Loss:
Tight stop-loss around $57,800.
Targets:
First target at $59,500.
Second target at $60,500.
Exit positions quickly if momentum slows.
Swing Trading:
Entry:
Wait for a confirmed breakout above the falling wedge, ideally above $60,000.
Stop-Loss:
Place a stop-loss below the recent swing low at $55,000.
Targets:
First target at $67,500 (mid-term resistance).
Second target at $72,500 (long-term resistance).
Conclusion:
The current technical setup for Bitcoin suggests a potential bullish reversal with a possible breakout from the falling wedge pattern. Intraday and scalping strategies should focus on key support and resistance levels with tight stop-losses. Swing trading offers a more significant upside potential if the breakout above $60,000 is confirmed. Monitoring volume and price action closely around these levels will be crucial for making informed trading decisions.
Advice for Long Position:
Confirmation: Ensure a confirmed breakout above $60,000 before entering long positions.
Risk Management: Use appropriate stop-losses to manage risk effectively.
Targets: Aim for targets at $67,500 and $72,500 for swing trades, adjusting stops as the trade progresses.
By following this plan and keeping an eye on market conditions, traders can capitalize on the potential bullish reversal in Bitcoin.
Phemex Analysis #2: BTC - Time to Buy Low or Stay Away?Bitcoin dropped past the $61,500 support level last week and attempted to reach the $56,500 support zone for the first time, but failed. The price then rose back to $63,884 .
Over the past few days, Bitcoin has started dropping again and today it fell even lower to $57,850 (lower than the previous low of $58,276 ).
A resistance zone is beginning to form at $63,000, indicating potential for more sell pressure ahead, which could further push down the price. The next support zones are at $56,500 and then $51,000 .
Should we buy low at these support zones, or wait for the price to consolidate first before entering the market? Let us know your trading plan.
Note: Phemex All-New Feature Multiple Watchlists will Go Live today, at our website. Be sure to check it out!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Urgent Bitcoin Alert: 11% Move Before Heading Down! Act Now! In this video, I'm issuing an urgent prediction on Bitcoin, forecasting an 11% upward move before a potential downturn. This is a prime opportunity for traders to act fast and capitalize on this significant price movement.
We'll cover:
Key indicators pointing to the imminent 11% rise
Detailed analysis of Bitcoin's current market conditions
Actionable strategies to maximize your gains
Risk management tips to safeguard your investments
Don't miss out on this timely trade setup. Watch the video now and be ready to seize this opportunity as soon as you can. Like, comment, and subscribe for more real-time trading alerts and expert market analysis. Let's make the most of this Bitcoin move together! 🚀💹
Bitcoin - Eventually hitting $250.000?BITSTAMP:BTCUSD is looking extremely bullish despite the recent 4 month consolidation.
For more than four months, Bitcoin has basically been moving sideways, experiencing quite volatile swings towards the upside and downside. However we should not neglect the overall bullish behaviour of Bitcoin which is still creating cycle and correction after cycle and correction. Therefore, maybe after a short term pullback, I do expect (much) higher prices on Bitcoin.
Levels to watch: $67.000, $37.000
Keep your long term vision,
Philip - BasicTrading
Crypto Market Update - July 3, 2024Bitcoin Daily Chart
Yesterday's Daily Candle closed as a weak Bearish Candle, confirming the Evening Star Pattern I identified yesterday. Today's follow through from the sellers has been quite strong, evidenced by today's open large bearish candle.
As we can see from the chart, the consolidation range from last week into last weekend created a High-Volume Node, that Bitcoin attempted, unsuccessfully, to break out from. Today's price action has caused us to wick down into the Low-Volume Node zone directly below this consolidation level, where a large cluster of Long Liquidations and Large Limit Bids were centered. You can see that price did not dip down into the next High-Volume Node, showing that, as it stands, buyers are not willing to give up the current High-Volume Node range.
We are still holding 200 DEMA support, as well as holding our Higher Low within this range. The 21 DEMA acted as our current level of resistance, so that is the dynamic level we need to break to begin a new price discovery phase.
Overall, none of this is very exciting or concerning to me, as I favor the long-term view. My base case is that this is a buying opportunity for the short to medium-term.
We should likely bounce from this range, and either break through the 21 EMA to the upside or reject again, either would be fine. The longer we consolidate, the greater the resulting breakout from this range will be.
We could see, following a recovery bounce, price find acceptance in the tight High-Volume Node at $59,000, and even wick down to re-test 200 EMA support. As long as we're closing Daily Candles above the 200 DEMA, buyers should feel pretty comfy and just hold conviction in their positions.
Bitcoin Technical Chart
What we can glean from the Technical Chart today is that the selling volume has not been very impressive. Although today's candle was quite large, there was not actually a lot of selling volume relative to buying pressure. Which means the reason price was able to move so far, is due to the thickness (or depth) of the Order Book. Buyers simply pushed their limit bids down lower, to capture lower price. As the selling bounced back from the Low-Volume Node highlighted earlier, this lets me know that buyers were simply smart today, capturing a deal on Bitcoin's price.
We have not yet reclaimed a Daily Bullish Trend, as evidenced by the Gann Swing Indicator. As I've continually stated, we must close above $64,000 first. More conservative traders can simply sit in cash, on the sidelines, and wait for that momentum signal.
Bitcoin Liquidation Heatmap
Chart Here
As I predicted in yesterday's report, Bitcoin Longs became the target of liquidations today. As we can see, over four violent drives down over the last 24 hours a large amount of Long Liquidations were cleared off the books.
There is now a final strong cluster of Liquidations at $59,526 - however it seems that shorts will be the target for liquidations for the rest of the evening and into tomorrow. I would expect price to continue it's recovery bounce from this level and push up close to $62,000. If we successfully close above that level, early momentum longs could be taken, however a rejection would be a good short-term opportunity to see price re-visit $60,000.
Bitcoin Footprint Chart
Chart Here
Several things are interesting about today's Footprint Chart. First, for the first time in awhile, we filled significant Large Limit Bids on this last drive to the downside, when the current low of $59,500 was established. This is significant, as often after these Large Limit Orders are filled, price then reverses in the other direction. This same dynamic has occurred over and over in Bitcoin's price action, go backtest it.
Secondly, we can see the declining Open Interest as price approached the lows, not only from Longs being liquidated but also shorts taking money off the table. The selling volume has been particularly weak, as we can see very clearly here, which as I said before, means the orderbook is responsible for the volatility of price's movement today.
Aggressive Ask Imbalances sit at $61,190 - $61,400 - and $61,700. Those would be my short-term targets for any reversal longs taken from this range. As I said, I would like to see a clear rejection and failure to reclaim $62,000 before I re-enter shorts. I did short the majority of this movement down, but I am now closed out of those positions.
Last BTC drop before continue growth?Hey traders!
Here is a fresh update about market situation. Seems like we started to move in 3rd correctional wave of Elliot Waves and according to Fib Retracement we could possibly go to the level around 56.000$. This level is also huge support level for the bullish flag, in which we're moving already for 3 months.
Plus, the RSI is also going lower and looks like it could touch the edge, if we're going to 56k level.
If you're planning to trade, I will try to catch up the long position after the 3rd wave movement will come to the end.
What's your thoughts?
BITCOIN ( UNDER BULLISH PRESSURE ) ( 4H )BITCOIN
HELLO TRADER S
Tendency the price it will trying to reach a resistance trendline , indicates the price is under bullish pressure
TREDN ANALYSIS : yesterday the price closer resistance trendline after dropping to closer support trendline , today the price it will trying again to reach resistance trendline
TURNING LEVEL : a black line around 58,985 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a blue line around 62,475 , indicates selling have already increase this level , so if the price stable above turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 57,363, indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : as long as the price trade above turning level at 58,985 , reach a resistance level at 62,475 , then stable this level reach a 64,136 , if the price breaking turning level reach a support level at 57,363 , then stable below this level touch a 55,767
TARGET LEVEL :
RESISTANCE LEVEL : 62,475 , 64,136
SUPPORT LEVEL : 57,363 , 55,767