The footsie is still holding the previous highs as support around the 6680-6700 level in confluence with the 50% retracement of the last leg up and the 1.618 retracement of the first leg down from the highs.
Very thick level whilst trading inside an immediate bearish structure that, in the higher time frames could be just a bull flag on a pullback should the previous highs break.
Hidden bullish divergence detected on the retest of the long term bullish structure (blue). If the previous highs break we could see buyers jumping in to retest the previous lows around the 6850 level (also short term bullish targets) with the possibility of a retest of the highs of the structure (6970)
Validation level: 6752
Invalidation level : 6675
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
- Zero commissions and no bank fees on transactions
- Around the clock service with support in 14 languages
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated