As I mentioned in my previous analysis ✔️
we had fake out of channel support and then the price has started to gain from channel support and hit the target 💣
and now
become close to important resistance area, and we had a fake out of channel resistance ✔️
so
here we expect correction to the downside for the price based on the Fibonacci levels (38 and 50) ❌🧨
if
the price again breaks the channel resistance to the upside and stay above the resistance area, we can expect gain for the price 🚀
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
and now
become close to important resistance area, and we had a fake out of channel resistance ✔️
so
here we expect correction to the downside for the price based on the Fibonacci levels (38 and 50) ❌🧨
if
the price again breaks the channel resistance to the upside and stay above the resistance area, we can expect gain for the price 🚀
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
