Strong bullish wave (a) ended at level 1.7025 after breaking downtrendline
then corrective bearish wave (b) rejected from demand zone at level 1.6875 which corresponds to 61.8% Fibonacci level
Price is based above HVN at level 1.6909 which indicates that pair is in accumulation phase
MACD shows bullish momentum
RSI is above level 50
It's expected for coming strong bullish wave (c) to target first resistance level at 1.7025
then finally target supply zone at level 1.7175
then corrective bearish wave (b) rejected from demand zone at level 1.6875 which corresponds to 61.8% Fibonacci level
Price is based above HVN at level 1.6909 which indicates that pair is in accumulation phase
MACD shows bullish momentum
RSI is above level 50
It's expected for coming strong bullish wave (c) to target first resistance level at 1.7025
then finally target supply zone at level 1.7175