Price has successfully broken above the descending trendline and is now holding near the 0.382 Fibonacci level at 5.84.
If momentum continues, a move toward the 0.5 and 0.618 retracement levels looks likely, confirming a potential short-term trend reversal.
🎯 Targets:
6.32
6.80
7.48
maybe to 26$ if we are lucky this year but that's
Based on market structure and the Fibonacci retracement zones, I expect further bullish continuation after this breakout and retest.
📘 This analysis is based on personal market study and structure observation – DYOR / Not financial advice.
If momentum continues, a move toward the 0.5 and 0.618 retracement levels looks likely, confirming a potential short-term trend reversal.
🎯 Targets:
6.32
6.80
7.48
maybe to 26$ if we are lucky this year but that's
Based on market structure and the Fibonacci retracement zones, I expect further bullish continuation after this breakout and retest.
📘 This analysis is based on personal market study and structure observation – DYOR / Not financial advice.
Trade active
we are Entering the Buy zone 👍🚀
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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.