Hello everyone
The price has risen forming a bullish channel, now the price has decreased forming a bearish channel within the main channel.
The price has reached 50% fibo between the 0.5 and 0.618 fibonacci level. Tracing a fibonacci from the break of the bearish channel we could have an entry at the 0.618 fibonacci level (orange) (31.99) to go long to the -0.272 (39.93) level.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
The price has risen forming a bullish channel, now the price has decreased forming a bearish channel within the main channel.
The price has reached 50% fibo between the 0.5 and 0.618 fibonacci level. Tracing a fibonacci from the break of the bearish channel we could have an entry at the 0.618 fibonacci level (orange) (31.99) to go long to the -0.272 (39.93) level.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns