Using Fibonacci extensions, if we are currently accumulating at these lows, we could see the following bullish and bearish moves.
Bullish scenario
A move above the 0.618 Fibonacci ratio ($3.067) would again create a structurally higher high and potentially set up moves to the higher key levels.
Bearish scenario
Failure to break about this current high or break about the 0.618 Fibonacci ratio (red lines) could result in a move back towards the lows.
Bullish scenario
A move above the 0.618 Fibonacci ratio ($3.067) would again create a structurally higher high and potentially set up moves to the higher key levels.
Bearish scenario
Failure to break about this current high or break about the 0.618 Fibonacci ratio (red lines) could result in a move back towards the lows.
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Check out my YouTube channel - Crypto With Pav, for crypto market analysis. You can also join my free telegram for more frequent updates - t.me/pavs_ta_temple
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.