Currently looking bearish on the daily with a divergent MACD and weak RSI. However, I believe the major trend line will hold as support.
If price breaks the 61.8% retracement level we could be looking at an uptrend to 0.03 resistance with a potential profit of 40%.
Patience wins here! Wait for a strong break of the 61.8% retracement level for entry.
If price breaks the 61.8% retracement level we could be looking at an uptrend to 0.03 resistance with a potential profit of 40%.
Patience wins here! Wait for a strong break of the 61.8% retracement level for entry.
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Disclaimer
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.