On the daily time frame, as price drops to 70.51$(61% of fibo), manages to get back to 79$ zone which is 50% of Fibo..
As multiple rejection is shown on 50% of Fibo, as well as a minor divergence in RSI, if price can hold the area, it can rally upto 94$
Otherwise by breaking below 79, price can be dropped to 70$
As multiple rejection is shown on 50% of Fibo, as well as a minor divergence in RSI, if price can hold the area, it can rally upto 94$
Otherwise by breaking below 79, price can be dropped to 70$