The price has corrected to the Fibonacci retracement levels of 0.705-0.786 and currently at the point of control, where the most volume has been traded. This indicates that the asset is experiencing significant interest from traders and investors.
The ascending structure with three completed higher lows on the three-day chart implies a bullish signal, which may suggest a potential upward trend.
According to your indicator, the asset's momentum has almost reset. You believe that the price might need to experience some sideways movement before breaking out of the current range in the direction of the mentioned targets.
The first price target is $25 area, and the second price target is $35 area. These targets may provide potential profit-taking opportunities for traders and investors.
The ascending structure with three completed higher lows on the three-day chart implies a bullish signal, which may suggest a potential upward trend.
According to your indicator, the asset's momentum has almost reset. You believe that the price might need to experience some sideways movement before breaking out of the current range in the direction of the mentioned targets.
The first price target is $25 area, and the second price target is $35 area. These targets may provide potential profit-taking opportunities for traders and investors.
Welcome to www.moonhub.io
