KCS/USDT D
Now the asset is trying to get out above the price of $22.15, which is the 0.236 Fibonacci level.
I suppose we can see some kind of correction in one of the two zones or the $16.54 level is 0.5 Fibonacci. Or the correction will be deeper to the level of $15.3 - $14.55 in the area of 200EMA, where the asset can find a stronger support level.
But, there is another scenario that the asset will consolidate before December 22 above the price of $ 22.22 - this is 0.236 Fibonacci and then it will be a bullish signal to update the ATH and go to new targets.
My position is closer to the bearish scenario, and I expect the continuation of the corrective movement, but here it is important how you manage your capital, it is important to connect your risk management (if you do not have it, now is the time to add to your rules).
P.S. This is not financial advice or a call to action.
Now the asset is trying to get out above the price of $22.15, which is the 0.236 Fibonacci level.
I suppose we can see some kind of correction in one of the two zones or the $16.54 level is 0.5 Fibonacci. Or the correction will be deeper to the level of $15.3 - $14.55 in the area of 200EMA, where the asset can find a stronger support level.
But, there is another scenario that the asset will consolidate before December 22 above the price of $ 22.22 - this is 0.236 Fibonacci and then it will be a bullish signal to update the ATH and go to new targets.
My position is closer to the bearish scenario, and I expect the continuation of the corrective movement, but here it is important how you manage your capital, it is important to connect your risk management (if you do not have it, now is the time to add to your rules).
P.S. This is not financial advice or a call to action.
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KCS/USDT D
IgorPorokh
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