On a Wekley TF we can see two bearish TL intersecting one big bull TL and making an X on basically the same price (around $0.38), witch is also a good support line and point of pervious upSide jump. When we include one bearish fib from pervious high to pervious lowest low, we got the price of around 78.6% ($0.78) , witch shows a strong signal of pervious resisstence and good point to take profit, because we expecting the price to bump from 78.6% (~$0.78)and retrace to 38.2% (~$0.52) gathering a power for much bigger upSide momentum.
Regretting the downSide potential we may expect a price drive to max Lows in recent time ( sub $0.32) , and best option/worst case scenario would be $0.28-0.25.
This investment was written for spot trading in first case.
Regretting the downSide potential we may expect a price drive to max Lows in recent time ( sub $0.32) , and best option/worst case scenario would be $0.28-0.25.
This investment was written for spot trading in first case.
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