Was this price drop a fake out.
Price is at the 0.5 golden zone of a Fibonacci Level 0.21589
Price is also resting on the 200 EMA (in orange) 0.21597.
Investors need a bullish candle above the 0.382 Fibonacci level for safe entry and they still have to be mindful of a double bottom and watch out for any movement below the 200 EMA.
Have a nice day
Price is at the 0.5 golden zone of a Fibonacci Level 0.21589
Price is also resting on the 200 EMA (in orange) 0.21597.
Investors need a bullish candle above the 0.382 Fibonacci level for safe entry and they still have to be mindful of a double bottom and watch out for any movement below the 200 EMA.
Have a nice day
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.