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After the pandemic explosion in march GPB gained power reaching is top in September 1st.
Following the retracement towards FIB 0,382 the prices broke upward FIB 0,236 pushing for new high, but with a reduced intensity as evidenced.
The divergence easily visible by observing the RSI indicator bring us to forecast a new retracement to rest $1,30 before the rebound.
A good strategy will be entering short right now, but ready for a trend reversal that will bring price levels back towards $1.35.
If you don't see any clear signs of reversal and prices break FIB 0.236 keep selling because a drop to $1.27 is likely.
After the pandemic explosion in march GPB gained power reaching is top in September 1st.
Following the retracement towards FIB 0,382 the prices broke upward FIB 0,236 pushing for new high, but with a reduced intensity as evidenced.
The divergence easily visible by observing the RSI indicator bring us to forecast a new retracement to rest $1,30 before the rebound.
A good strategy will be entering short right now, but ready for a trend reversal that will bring price levels back towards $1.35.
If you don't see any clear signs of reversal and prices break FIB 0.236 keep selling because a drop to $1.27 is likely.