Strong resistance at the time of posting
After good Green Day, at the time writing this post, we are at a strong resistance level. Currently, we are at the 100 EMA on 1 day chart, at the 38.2 FIB level of latest downtrend, at the level of previous support and resistance levels in previous times.
Let’s monitor if we cross towards the upper band on 1 day chart at 46 euro, then we might reach to 50 FIB at 50 euros.
I mentioned yesterday that we expect a price break by 8 May, which happened few hours before. This is bullish indicator. Keep monitoring and let me know what you think.
P.s This is not an advice of any kind, just doing my personal analysis and sharing with all. Do your analysis and take decisions based on your analysis.
Let’s monitor if we cross towards the upper band on 1 day chart at 46 euro, then we might reach to 50 FIB at 50 euros.
I mentioned yesterday that we expect a price break by 8 May, which happened few hours before. This is bullish indicator. Keep monitoring and let me know what you think.
P.s This is not an advice of any kind, just doing my personal analysis and sharing with all. Do your analysis and take decisions based on your analysis.
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