its a jungle out there. more like a mine field actually.... many layers of resistance over resistance over restance, and no immediate targets!
the price is trapped between the latest bullish .5 and and the .618 of the bullish before that at .1938 and .2031,but thats the good new as its the first time the price has bounced up from .5 of the last bullish since the great fall. if we keep this level as stoch and volume might be suggesting, the first baby step up would be closing above the .618 at .2031
then we have the .215 to .217 zones marked by .5 of the previous bearish/bullish fibs. then we have the .23 .235 zone guarded by .618 and .65 level of the previous bullish fib.
and only then we can have a glimpse of our first bullish target since the great fall at .2569
in terms of forks, the latest sciff median suggests a possible bounce up to it at maybe around the .618 at 0.23, if so a frop to our .5 at 0.217 might be in program
so.....
long entry at the close above of .618 at .2031
intermediate targets(and resistances): .215 .217 .23 .235
final target : .2569
although its a game, its not a game! so dont gamble with your money, unless you want to gamble with your money...lol
obviously not a financial advice ;)
the price is trapped between the latest bullish .5 and and the .618 of the bullish before that at .1938 and .2031,but thats the good new as its the first time the price has bounced up from .5 of the last bullish since the great fall. if we keep this level as stoch and volume might be suggesting, the first baby step up would be closing above the .618 at .2031
then we have the .215 to .217 zones marked by .5 of the previous bearish/bullish fibs. then we have the .23 .235 zone guarded by .618 and .65 level of the previous bullish fib.
and only then we can have a glimpse of our first bullish target since the great fall at .2569
in terms of forks, the latest sciff median suggests a possible bounce up to it at maybe around the .618 at 0.23, if so a frop to our .5 at 0.217 might be in program
so.....
long entry at the close above of .618 at .2031
intermediate targets(and resistances): .215 .217 .23 .235
final target : .2569
although its a game, its not a game! so dont gamble with your money, unless you want to gamble with your money...lol
obviously not a financial advice ;)