AKRO will there be enough strength to move further?
Hey, everybody!
AKRO broke two different resistance levels with two strong impulses.
The first level is the global downtrend line.
The second level is a global price support/resistance level.
The upward movement was stopped by the 0.382 Fibo level.
In the near future, we can expect the asset to bounce back from the support level, break 0.382 Fibo and then a gradual movement to the target level of 0.618 Fibo.
This is not a financial recommendation, everything you do is at your own risk.
AKRO broke two different resistance levels with two strong impulses.
The first level is the global downtrend line.
The second level is a global price support/resistance level.
The upward movement was stopped by the 0.382 Fibo level.
In the near future, we can expect the asset to bounce back from the support level, break 0.382 Fibo and then a gradual movement to the target level of 0.618 Fibo.
This is not a financial recommendation, everything you do is at your own risk.
Comment:
As I wrote earlier after the rebound the price managed to break through the level of 0.382 Fibo and consolidate above it, further I expect the continuation of growth
Trade closed: target reached:
I forgot to congratulate everyone on their powerful profits.
