On the daily timeframe we appear to be respecting an upwards trend channel which more or less line ups with the fib retracement.
Important to note the 1h and 4h timeframes are approaching oversold, I am hoping to catch an entry a little lower, if it drops to around the 4.98-5 USD mark I think there will be more momentum for a pushup to around 5.80 and then 6.18 USD.
Important to note the 1h and 4h timeframes are approaching oversold, I am hoping to catch an entry a little lower, if it drops to around the 4.98-5 USD mark I think there will be more momentum for a pushup to around 5.80 and then 6.18 USD.