This would be a great entry price for investors and traders alike. Weekly charts shows that at this current level is where our 50% fibonacci retracement is found. a great entry for investors. we see some repetitive price swings (green and blue arrows) suggesting harmonic patters, this is a good swing entry point.. also note the bullish divergence present.. either way this is a buy signal.. i dont know if the price will make a new low or even touch the 1000 mark level.. but current price is indeed a BUY!
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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.