Fibonacci Levels: The chart shows Fibonacci retracement levels (0.236, 0.382, 0.5, 0.618, etc.), which often act as support and resistance zones for price movement.
Price Movements:
Current price is around 0.01130.
Resistance is observed just below the 0.382 level (0.01135).
Expected Movement:
The blue line indicates a potential upward price movement. The first target aligns with the 0.618 Fibonacci level (around 0.01400).
Support and Resistance:
Support: 0.01100 level.
Resistance: 0.01135, followed by 0.01400.
Volume and Momentum:
It's crucial to monitor volume and price response. If volume supports, the upward move might sustain.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.