Expected trading for today is between 6800.00 support and 7350.00 resistance
price found solid support at 6915.00
The solid support at 6915.00 might push the price to test 7350.00 before continuing the bearish correction towards 6500.00.
The bearish correction will push the price to visit 6500.00 level / 23.6% Fibonacci Correction (from 3000.00 to 7590.00).
Technical indicators show that the uptrend will continue once the correction to 6500.00 level is completed.
Stochastic signals the return in bearish pressure.
RSI is turning lower and ready to move south.
Investors are starting to pare their risk ahead of this network upgrade.
Note, Breaching 7590.00 level and hold above it, will cancel the bearish correction an push the price towards 8000.00.
Expected trading for today:
is between 6800.00 support and 7350.00 resistance.
Expected trend for today:
Bearish.
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