In case of failure, it will rise to $ 57
In the diagram, the candelas are involved in a triangular pattern that has worked well so far.
I make my purchase step by step and set my loss limit at around $ 31.
If we draw a TREND-BASED Fibo from the last wave formed, we can well see the important resistance of the trend.
If the triangle breaks up, the price is expected to rise as much as the base of the triangle to the $ 57 range, which is the 2.618 Fibonacci range we drew.
The most important resistances on the way to the uptrend:
The range is $ 45, $ 50 and the range is $ 57.
I make my purchase step by step and set my loss limit at around $ 31.
If we draw a TREND-BASED Fibo from the last wave formed, we can well see the important resistance of the trend.
If the triangle breaks up, the price is expected to rise as much as the base of the triangle to the $ 57 range, which is the 2.618 Fibonacci range we drew.
The most important resistances on the way to the uptrend:
The range is $ 45, $ 50 and the range is $ 57.
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