After a nice rally upwards we broke the resistance level of 8400 but failed to break 8600 and now we're going making a correction.
First support level is the previous resistance level around 8400 wich probably won't hold.
Looking at the fibbonaci retracement levels a retracement to the .5 fibbonaci level at 8280 is possible and an important level to hold or we might see 7873 at the 0.618 fib level again wich would break the uptrend because it then makes a lower low.
Trade safe
NL Crypto
First support level is the previous resistance level around 8400 wich probably won't hold.
Looking at the fibbonaci retracement levels a retracement to the .5 fibbonaci level at 8280 is possible and an important level to hold or we might see 7873 at the 0.618 fib level again wich would break the uptrend because it then makes a lower low.
Trade safe
NL Crypto