Traders & Investors, I hope you will enjoy from my analysis. This is not a financial advise, but feel free to get inspired.
Please see below image, with my potential Entry and stop based on fibonacci levels.
- I expect prices to again create price action as the previous low-low (marked in a orange circle) and create a perfect copy.
- Therefore prices will need to receive demand, this will fundamentally be based on fundamental forecasts.
- If prices can't break or simply fake the breakout, prices might continue to the next support levels. Somewhere around the 90.000 levels.
- Based on my indicator prices become longly oversold, which might create uptrend momentum
* Let me know in comment your thoughts and give it a like if you agree.
Happy to discuss if you have any feedback/questions.
Regards,
Kevin C. Best
Please see below image, with my potential Entry and stop based on fibonacci levels.
- I expect prices to again create price action as the previous low-low (marked in a orange circle) and create a perfect copy.
- Therefore prices will need to receive demand, this will fundamentally be based on fundamental forecasts.
- If prices can't break or simply fake the breakout, prices might continue to the next support levels. Somewhere around the 90.000 levels.
- Based on my indicator prices become longly oversold, which might create uptrend momentum
* Let me know in comment your thoughts and give it a like if you agree.
Happy to discuss if you have any feedback/questions.
Regards,
Kevin C. Best