My weekly outlook is price will dump to 5.142$ why because you can see price has broken trendline resistant and at current instant trying to take support on trend line ,these is where most of retailer will get trapped and long but price will fakeout and take their stoploss which will be below 5.31$. Lost retailer will avoid trading after seeing price below 5.3$( trendline support)
Then price will bounce from 0.236 fibonacci level and fresh demand area at 5.2 to 5.028$
My monthly outlook is price will reach at 7.33$ which is
1.414 fib level( related to 0.236 fib level) and their is supply zone between 7.1 to 7.7$
Monthly :7.33$
Weekly: 5.142$
At last I have shared one more chart showing yearly view, extremely bullish buy at 3$ and sell at 23.7$ (3.618 golden fibonacci level) kindly check other 1.618, 2.618 👀 see how it rejected from those levels
Then price will bounce from 0.236 fibonacci level and fresh demand area at 5.2 to 5.028$
My monthly outlook is price will reach at 7.33$ which is
1.414 fib level( related to 0.236 fib level) and their is supply zone between 7.1 to 7.7$
Monthly :7.33$
Weekly: 5.142$
At last I have shared one more chart showing yearly view, extremely bullish buy at 3$ and sell at 23.7$ (3.618 golden fibonacci level) kindly check other 1.618, 2.618 👀 see how it rejected from those levels
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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.