Target 5,275. Wait for reversal.
Dump is almost done.
Dump is almost done.
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Price seems to have stabilized at predicted 5,275 zone. The EMA-lines are grouping which indicates price finding a right range or reversal - tho I don't see reversal, just a right pricerange found.
In case price goes up we could be testing 5,50-5,60 areas. If the downside continues (unlikely unless bad news spread out) wewill continue the path marked by the fan and the fibo resistance levels.
In case price goes up we could be testing 5,50-5,60 areas. If the downside continues (unlikely unless bad news spread out) wewill continue the path marked by the fan and the fibo resistance levels.
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Reversal confirmed, daily rsi oversold => waiting for recoil.
Sell volume still going high in 4hr chart, where buy volume is low. The sell velume has to settle down for the reversal to be able to take place.