Descending trendline of lower highs has been breached
Should expect rejection at $4 area and a slight pullback to 0.382 fib level around $3.35
Resistance at $4 area should be closely monitored and if breached, wait for retest and confirmation in order to set up long position.
Should expect rejection at $4 area and a slight pullback to 0.382 fib level around $3.35
Resistance at $4 area should be closely monitored and if breached, wait for retest and confirmation in order to set up long position.
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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.