Do we hold the resistance at the 0,786 fib line ( € 0,050102 ) or do we drop down to the 1 fib line ( € 0,048122 ) and try to break thru there ?
Holding this resistance level would follow in a breakout to the upside and would give us a target at € 0,057373.
The big resistance area holds us down from the 4th of Novembre and the 12th. ( drawed another line from where we got LH ( at the end ) and they lined up rlly good on the daily that's why I kept them both here visible on the 1h.
This chart is in Log scale -> That's why previous one I put out didn't work out so well ^^ woops.
Holding this resistance level would follow in a breakout to the upside and would give us a target at € 0,057373.
The big resistance area holds us down from the 4th of Novembre and the 12th. ( drawed another line from where we got LH ( at the end ) and they lined up rlly good on the daily that's why I kept them both here visible on the 1h.
This chart is in Log scale -> That's why previous one I put out didn't work out so well ^^ woops.
Note
We wicked above -> close above the line and creating another green candle on the hourly would be fantastic <3
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Related publications
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.