Using an array of tools, my opinion is that BTC /EUR will go long into the red shaded area before rallying back short!? The blue shaded area would be a good place to buy as it is a previous resistance level (look left). Targets should be around the 0.5, 0.382 extension in line with previous support levels.

I am new to analyzing charts and would appreciate some feedback on my idea so that I can increase my technical analysis skill level and share my findings more accurately.

Thanks, guys.