Prices are facing bullish pressure from 1st support which is a horizontal swing low support which is in line with 127.2% fibonacci retracement and 127.2% fibonacci extension. Prices might push towards 1st resistance which coincides with 61.8% fibonacci retracement and 161.8% fibonacci extension. If prices fall through 1st support, prices might push towards 2nd support which coincides with horizontal swing low support and 127.2% fibonacci extension. EMA is also below prices, showing a further bullish pressure on prices.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.