RESISTANCE = In the graph above I consider 3 important lines:
- The 50% gray channel line (marked with red dotted lines in the graph)
- The 0.5 Fibonacci Retracement line with the base marked at the beginning of the high in December 2020 (marked with red dotted lines on the chart)
- At this 5-day high, I create a Fibonacci Retracement and the last line is marked close to 40k dollars
- The 50% gray channel line (marked with red dotted lines in the graph)
- The 0.5 Fibonacci Retracement line with the base marked at the beginning of the high in December 2020 (marked with red dotted lines on the chart)
- At this 5-day high, I create a Fibonacci Retracement and the last line is marked close to 40k dollars