Description
⋅ WANBTC Fibonacci Supports
Comment
⋅ On this 4h chart, we bounced off support around the 0.786 fibonacci retracement and broke out of the downward trend.
We might have just formed the pole of a bull pennant. Let's see if we consolidate here before another move up.
Comment
⋅ It looks like a bull flag has formed on the 4h chart, with support at the 0.5 fibonnaci retracement: