After four day going up, it show one day down, it may not correct to the fibonacci retracement 0.618 level (gray line 6.99) or it can resist in the exponential moving average of 12 candles (7.32 yellow line) before start growing again.
Strategic, will wait it to test the area between the gray line(6.99) and yellow line(7.32) to confirm that it will support the price to buy in this region. Possible gain will be 27% to last resist line(9.25) or 59,31% to the last higher top.
If the paper doesn´t respect the fibonnacci and moving average support it may fall to the last lower support at 6.05
Strategic, will wait it to test the area between the gray line(6.99) and yellow line(7.32) to confirm that it will support the price to buy in this region. Possible gain will be 27% to last resist line(9.25) or 59,31% to the last higher top.
If the paper doesn´t respect the fibonnacci and moving average support it may fall to the last lower support at 6.05