What do we see here is the first impulsive wave up with over 40% gain since 25 October 2019 till 26 October 2019 and after that we start correcting with an ABC correction wave which can land at the 0.618 fib support level where we see confluent support levels from the past prices and the 1:1 extension of waves A-B and the 0.618 fib level.
Strong support is shown by all of these factors and could be a good entry point for a long position.
Be safe and always protect your balance using a well placed Stop-Loss depending on your personality and your tolerance to risk.
Strong support is shown by all of these factors and could be a good entry point for a long position.
Be safe and always protect your balance using a well placed Stop-Loss depending on your personality and your tolerance to risk.