The price prediction is based on the trend line and Fibonacci retracement levels, which help identify key support and resistance zones. The trend line indicates the overall market direction, while Fibonacci levels highlight potential reversal points. If the price respects these levels, it may continue its trend; otherwise, a breakout could signal a shift in momentum.
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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.