On YTD time, we can look an ascending primary trend, after leaving a falling price from $1348 to $1128.
The new uptrend has count 5 countertrend toward a last minimum price at $1243. Since the last minimum price, it is increasing. It is interesting to observe an ascending Triangle figure. If that figure confirm the theory of uptrend triangle, the price will go up...
Applying Fibo R. to the chart, starting by the min price on YTD period (USD 42.24), it is possible to getting in that Fibo R. is substantially respected. Looking at last max price (USD 58.95), the chart retraced in a lateral moving. If the price leave the lateral movement toward up, I think it is possible to see a growing scenario that would carry the price to USD...
Descending Triage figure.
The breaking down of the descending triangle on USD 2.850 has opened the downing movement to the target USD 2.500. It is much probabile that the descending way is ended at the last minimum and It start going upward.
The 4 hours graph shows that the price has gone up from the bottom line (1.127,50). This minimum price is formed after a speed fall by 1.162,15 to 1.127,50. I think that the last going up movement is ended and the price will go down to the 1.127,30/00
