Expected resistance at the 0.618 FIB (61.3K) from the run-up (pulse) on the 22nd Jan 2021 to the previous ATH on 22nd Feb 2021 (58.3k).
Coincidentally it is the 2.272 FIB on the first micro bull run on the 4th Jan 2021 from 28k to 43k to 9th Jan (took just 5 days).
Potential bull pennant forming, indicating a breakout upwards once further accumulation soaks up the selling.
Coincidentally it is the 2.272 FIB on the first micro bull run on the 4th Jan 2021 from 28k to 43k to 9th Jan (took just 5 days).
Potential bull pennant forming, indicating a breakout upwards once further accumulation soaks up the selling.
Trade active:
Making its way back up to retest the 0.618 (resistance/ support level)
