the price has been traveling along the parallel since 21 july, 2 wks in crypto time is something, i feel some love in there ;)
passing the last bearish fib lvl 0.5 at 1.3789 which is the next resistance in our way will lead us to the next resistance zone at 1.48-1.51(.618 of the last major daily fall and the 0.5 of the last major daily rise) and eventually to our next target at 1.64
closing above the 0.5 at 1.3789 could be the trigger of the next long entry for the final target of 1.64 and intermediate target of 1.5ish
Obviously not a trading advice as always :)
passing the last bearish fib lvl 0.5 at 1.3789 which is the next resistance in our way will lead us to the next resistance zone at 1.48-1.51(.618 of the last major daily fall and the 0.5 of the last major daily rise) and eventually to our next target at 1.64
closing above the 0.5 at 1.3789 could be the trigger of the next long entry for the final target of 1.64 and intermediate target of 1.5ish
Obviously not a trading advice as always :)
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