Prices are facing bullish pressure from 1st support which is in line with ascending trendline support, horizontal swing low support, 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards 1st resistance, which is in line with horizontal swing high resistance, -27.2% Fibonacci retracement, 127.2% Fibonacci retracement. If prices push even lower, prices might hit 2nd support which is in line with horizontal swing low support, 100% Fibonacci extension and 127.2% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
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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.