So we're currently in a huge downtrend om monthly chart.
Before we saw the impulsive downside movement from $76 to $42.
-Now we're testing $64 resistance zone, which is also 61.8 FIBO level from previous downside movement.
-So the structure is simple and clear here. Will be waiting for the continuation of that big moment up to $51-52, and $42 after that. And we might eventually see even $28.
Before we saw the impulsive downside movement from $76 to $42.
-Now we're testing $64 resistance zone, which is also 61.8 FIBO level from previous downside movement.
-So the structure is simple and clear here. Will be waiting for the continuation of that big moment up to $51-52, and $42 after that. And we might eventually see even $28.