Nicely retraced from 8.5 highs to 5.3 (fib 0.38), however , in no way it looks "bearish".
As long as price remains above 4.60-4.70 range , spot buys can be added ;pecially if taken profit at range highs.
Next target would be 14.66 --15.2 (fib extension 1.618)
Hold time 8-12 weeks.
As long as price remains above 4.60-4.70 range , spot buys can be added ;pecially if taken profit at range highs.
Next target would be 14.66 --15.2 (fib extension 1.618)
Hold time 8-12 weeks.
Note
5.3 held well, and returned 100% upside! And now weekly should hold 6.2 for continued upside to $14-15
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.