The range 0.75-0.618 is an important range for the fib speed resistance fan that we are in this range.
According to the chart, two scenarios are possible:
1. Price increase until the collision with the line (0.618 fib). If he can close the candle above the donchain channel then this scenario will happen
2. Reduce the price until the collision with the line (0.75fib), which is an important support. This scenario occurs if he can not close the candle above the donchain channel.
As you can see in the macd histogram, the histogram has changed from bold red to a decrease in the strength of the downtrend, so scenario 1 is more likely.
According to the chart, two scenarios are possible:
1. Price increase until the collision with the line (0.618 fib). If he can close the candle above the donchain channel then this scenario will happen
2. Reduce the price until the collision with the line (0.75fib), which is an important support. This scenario occurs if he can not close the candle above the donchain channel.
As you can see in the macd histogram, the histogram has changed from bold red to a decrease in the strength of the downtrend, so scenario 1 is more likely.