KAITOUSD recently enjoyed a strong bullish run before entering a period of consolidation. The price has now reached the 0.385 Fibonacci retracement level, a key support zone often watched for bullish continuation.
If buyers defend this Fib level, the price may soon resume its upward momentum, with the next major upside target projected around $1.26. This move would align with continuation of the broader bullish trend.
If buyers defend this Fib level, the price may soon resume its upward momentum, with the next major upside target projected around $1.26. This move would align with continuation of the broader bullish trend.
Trade closed: target reached
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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.