BTCUSD Potential for Bearish Momentum | 26th September 2022 for COINBASE:BTCUSD by desmondlzw

On the H4, with the price moving below the ichimoku cloud , we have a bearish bias that the price may drop to the sell entry at 18527, which is in line with the swing lows and 61.8% fibonacci projection , if the sell entry is broken, the take profit could be at 2nd support at 17439.83, where the 127.2% fibonacci extension and 78.6% fibonacci projection are. Alternatively, the price may rise to the stop loss at 19554.03, where the overlap resistance is.

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