Take a look at this beauty, the price has been rising for around 10 days now. We are patiently waiting for the price to finally SMASH that zone of resistance and continue its path to Saturn. However, before we can break out of that strong area of resistance, the price should get some rest and fuel. It is kinda hard to tell when the price will finish retracing, but we can use the help of Fibonacci for that. We have plotted out the 0.5 and 0.618 Fib retracements on our chart and will be looking for BUY positions around those areas. Nevertheless, the price may even not reach those levels and pullback even earlier.
All in all, our target is the moon, so let's HODL!
Feel free to drop your thoughts and opinions in the comment section below
All in all, our target is the moon, so let's HODL!
Feel free to drop your thoughts and opinions in the comment section below
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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.
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.