The price has reached the desired support range. It is expected that at the specified Fibonacci levels, the trend will change and we will see an ascent
If the price can cross the 78.6% range, it will be harder to continue the uptrend and there will be an alarm that the uptrend will continue.
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.