I see us as the highest is 13,000 as you can see the rising broadening wedge here in pink that would be coming up to retest this trend line i will be definitely take a closer look at that because it will be weekly closed tomorrow so but anyways as of right now the areas to watch here as you can see i have these trend lines coming off here off of this triangle
But if we look at where we're at now we came back to retest this trend line would be around the nine ninety 600 range which we do have a gap at the 97 so that would make sense and if we came all the way back down to test this trend line depending on where we would hit it if we came back all the way in october it could be down to that 7,100 which is the golden pocket area keep that in mind
Let's look at the real quick again guys apologize for this being quick like i said i'm on vacation trying to get a quick blog out to you the daily rsi as you can see looks like a rising wedge the question is here will this break here on the daily if we close the daily below this trend line it's going to be pretty bearish guys we could be looking at those lower lower targets and we will take a closer look at that real quick but what we could also see is to get up to that we may get one more touch up to the top before continuing down
So definitely watch that keep an eye out for where this closes on the daily today if we close below this trend line it's most likely going to continue down probably pretty quickly so get the primex leave a tutorial up top if you guys are interested in trading definitely check it out you can trade bitcoin eos ethereum litecoin xrp 4x gold silver oil everything on one exchange by far the best exchange in my opinion is the only one
Let's take a look at the four hour and let's take a look at the fibonacci retracement from the swing low to the swing high here if we've topped out obviously if we move up more these will be invalidated and we'll have to re-look at it but if we were to come down from here the 0.236 fib lies around 10,440 which is right around our neckline over here if we do break this 12,000. the next stop would be 10 40. then after that i have another target here we'll look at in a second the 10,057 range but let's take a look at the fib retracements first the 0.382 would be at 90 around 9200 0.5 fib is around 81.50
I would expect at least a bounce there if not at the bottom but if that does break through be looking for the 5,600 range which is 0.786 fib and then obviously our gap down here at 35.70 um again i'm not saying we have to go down there just saying be aware that we could all right let's take a look at this you can see the light blue trend lines here looking at this as a rising actually looking at this as a rising wedge with the dotted blue line here being thesupport resistance up top
We take a measured move of that if we were to continue down from here and we'll take a look at where this invalidates to but that gets us around actually around 10,100 is more like where that's at that would be the measured move down from there and let's zoom in a little bit see what to look for if we break back above this 55 which is going to line up with this old support become new resistance around eleven