The Fibonacci retracements are resistance and support levels where early profits should be taken if things turn sour, the green zone is profit target zone. Currently testing 50% retracement level pretty hard after a nice bump over the past few hours. Just a reference point not a prediction, but if the candesticks bounce off the channels 2-3 more times things are looking good. Taking some profit just below $1.00 b/c that will be a resistance point and psychological target for many. Leaving some for potential breakout though!
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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.