If it breaks out in an upwards direction, it will keep to the fibonacci lines, resulting in the following targets:
Target 1: 503 usd
Target 2: 668 usd
If it breaks out in a downwards direction, it will drop to previous support being 212 usd.
Keep a lookout on the to make sure it supports upwards movement. 80 becomes too overbought to sustain itself.
supports upwards movement.
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Happy trading everyone!