Fibonacci and formations worked very well.
On the monthly chart I also pointed to the returns from the Fibo supports and resistance.
The first target is 20.65 but 17.73 is important too. You can sell at here and after price up to resistence buy again. Eventually, this is a resistance
The overall trend is in decline.
Below, I draw two possible scenarios on the big chart. For the trend change, first the thick blue line must go up. Then 33 resistance.
It seems more likely to turn away from resistance and fall back.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you like this analysis ....
Two long-term probable scenarios on the monthly chart
On the monthly chart I also pointed to the returns from the Fibo supports and resistance.
- 17.73 (0.618) - Even if it turns, it can continue to move up
20.65 (0.5) - Important and equilibrium point
23.56 (0.382) - Most likely to return
The first target is 20.65 but 17.73 is important too. You can sell at here and after price up to resistence buy again. Eventually, this is a resistance
The overall trend is in decline.
Below, I draw two possible scenarios on the big chart. For the trend change, first the thick blue line must go up. Then 33 resistance.
It seems more likely to turn away from resistance and fall back.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you like this analysis ....
Two long-term probable scenarios on the monthly chart