Support levels are at $7,960-$7,980, $7,870-$7,890 and $7,775. The confluences at those levels are:
Resistance levels are at $8,030, $8,100, $8,200, $8,250 and $8,300. The confluences at those levels are:
- $7,960-$7,980: 15-min Bollinger band middle curve, weekly 38.2% Fibonacci retracement level, SMA 5, SMA 200, SMA 50, daily 23.6% Fibonacci retracement level and 1-hr previous low
- $7,870-$7,890: 5-day simple moving average (SMA 5), hourly Bollinger band middle curve, 4-hour Bollinger band middle curve, SMA 100 and daily Fibonacci 38.2% retracement level
- $7,775: Weekly Fibonacci 23.6% retracement level
Resistance levels are at $8,030, $8,100, $8,200, $8,250 and $8,300. The confluences at those levels are:
- $8,030: 15-min Bollinger band upper curve, 4-hour previous high and SMA 10
- $8,100: No confluence detected
- $8,200: Daily Bollinger band middle curve and monthly Fibonacci 23.6% retracement level
- $8,250: Daily pivot point resistance 1 and SMA 100 curve
- $8,300: The top-most resistance level has the weekly 61.8% Fibonacci retracement level
So do you have some new support levels? they all broke
as we struggle to hold the 21DMA at a potential H+S formation, I assume we could go lower. My target would be the 50w EMA which correlates with the 50% fib at about 5.8k.