The price is at the lower border of the channel at the 50% Fibonacci level. Bullish scenario - price rebound to the upper border of the channel and the Fibonacci level of 38.2%. The bearish scenario will lower the price to the next Fibonacci level.
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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.