As it can be seen from the chart, the price has nicely bounced off the local zone of support that lines up with 0.618 Fibonacci retracement level. We are expecting for the price to keep rising and reach the area of resistance indicated on the graph.
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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.