Let’s have a look on the Steem’s move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this and now we can expect at any time which will lead the priceline between 0.382 to 0.786 of A to D leg , but if after this the candles sticks will be closed above the 0.786 area of A to D leg then it can also lead to the long term move. We also have a 200 in PRZ level that can be a strong support to push the price action up to 96%.
Buying And Sell Targets:
The buying and sell targets according to should be:
Buy between: $0.1593 to $0.1400
Sell between: $0.2053 to $0.2745
The potential reversal zone area which is up to $0.14 can be used as stop loss in case of complete candle stick closes below this level.