In month time line it drops to little bellow the 0.68 range of Fibonacci, testing the orange support line. If it holds in the support and start to growing again possible 67% gain to the highest last pic.
If it does not resist and break the support it may drop to 21.00 which is the range of the exponential moving average of 56 periods.
Strategy will be waiting for the 0.68 testing and confirm the reversion to buy!
If it does not resist and break the support it may drop to 21.00 which is the range of the exponential moving average of 56 periods.
Strategy will be waiting for the 0.68 testing and confirm the reversion to buy!