As I mentioned in my previous analysis โ๏ธ
we had fake out of channel support and then the price has started to gain from channel support and hit the target ๐ฃ
and now
become close to important resistance area, and we had a fake out of channel resistance โ๏ธ
so
here we expect correction to the downside for the price based on the Fibonacci levels (38 and 50) โ๐งจ
if
the price again breaks the channel resistance to the upside and stay above the resistance area, we can expect gain for the price ๐
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
๐
we had fake out of channel support and then the price has started to gain from channel support and hit the target ๐ฃ
and now
become close to important resistance area, and we had a fake out of channel resistance โ๏ธ
so
here we expect correction to the downside for the price based on the Fibonacci levels (38 and 50) โ๐งจ
if
the price again breaks the channel resistance to the upside and stay above the resistance area, we can expect gain for the price ๐
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
๐
Free signals, Educational plans and VIP groups are all in telegram channel ๐
t.me/madwhalechannel
t.me/madwhalechannel