ETHEREUM Golden Cross ahead. Prepare for $2450.Almost a month ago (see chart below) we gave the most optimal buy entry on Ethereum (ETHUSD), while it was at the bottom of its Channel Down, even below the 1D MA50 (blue trend-line), targeting the 1D MA200 (orange trend-line):
The target got hit and the rally has been so strong that it even broke above the medium-term Channel Down and resumed the long-term Channel Up that it has been trading within in the last 12 months.
Technically, it is about to form a 1D Golden Cross, with the last registered formation being on February 08. The price had entered a Megaphone consolidation with the 1D MA50 as the first Support and the 1D MA200 as the second and in less than 2 months gave a rebound/ continuation of the rally to the Higher High of the Channel Up on the 1.5 Fibonacci extension. Even the 1D RSI patterns between the two sequences are similar.
As a result, the best strategy here is to buy any similar pull-back ETH may give and target $2450 (1.5 Fib) within January 2024.
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Cryptocurrencies
The number of large speculators declinesBitcoin attempted to establish a new high above $37,978 in the past two days but failed. In the meantime, the decline in ADX on the daily chart began to reflect a slight loss of bullish momentum; additionally, MACD, Stochastic, and RSI reversed, now pointing to the downside. These actions heighten our alert level as we continue to see the falling number of Bitcoin addresses with balances exceeding 1,000 BTC. Therefore, in the next few days, we will pay attention to the support at $35,002 and resistance at $37,978. A breakout below the support will raise the odds of continuation lower. In contrast, a breakout above the resistance will increase the odds of Bitcoin testing $39,000 and potentially even $40,000. To support a bearish thesis, we would like to see a further decline in the mentioned indicators. Contrarily, to support a bullish thesis, we would want to see RSI breaking back above 70 points and trending within the overbought territory. Furthermore, we would want to see a reversal to the upside in Stochastic and MACD.
Illustration 1.01
Illustration 1.01 shows the daily chart of BTCUSD within the upward-sloping channel. A breakdown below the channel will be bearish.
Technical analysis gauge
Daily time frame = Slightly bearish
Weekly time frame = Bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Solana might be at riskIn evaluating the current state of Solana, it's important to acknowledge certain risks within the framework of the Elliott Wave Theory. Presently, there are uncertainties and volatility risks in Solana's price level and recent movements, based on market dynamics and potential wave patterns.
According to the Elliott Wave Theory, market cycles and wave structures often follow specific patterns, but identifying and interpreting these patterns can be complex. Particularly, complex corrective waves and anticipated price movements can carry specific risks for investors. Therefore, it is crucial to exercise caution regarding Solana's current market position and its future movements, while effectively employing risk management strategies.
It's always advisable to conduct comprehensive market analysis before making any investment decisions and consider your personal financial situation and risk tolerance. This is equally applicable when utilizing analyses based on the Elliott Wave Theory.
Based on my analysis of the Solana coin, the rise observed since the beginning of the year does not constitute an impulsive wave. Instead, it appears to be a complex correction in the form of a double zigzag. Currently, Solana is testing a channel resistance at around $68. According to Elliott Wave theory, this level could prompt a correction, initiating the B wave of the second zigzag.
This corrective phase might see Solana's price retracting to the range of approximately $28 to $35. This prediction is based on the Elliott Wave principle, which suggests that following the completion of an A wave in a zigzag, a B wave typically retraces a significant portion of the initial wave. Given the current market dynamics and wave patterns observed, this retracement seems to be a likely scenario.
I have shared this analysis on TradingView.com, highlighting the expected trajectory and potential retracement levels for Solana in the coming period, based on the Elliott Wave framework.
SOL Elliott Wave Continuation counts. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#SOL DOOM count! 👻
But first, some continuation patterns to keep an eye on.
Last time it just rocketed up,
Shorters beware.
There are some possible down counts shorter term.
$48 break and $40 would be in sights.
Mooner...😏...or Doomer?🤔
Doomer count elsewhere.
BTC ELLIOTT ANALYSISJoin me on TradingView for an in-depth analysis of Bitcoin using Elliott Wave Theory. In this comprehensive study, I delve into the intricacies of market cycles and waves, offering insights into potential future trends and key price levels. Stay ahead of the curve with this detailed Bitcoin forecast.
USDT/BTC Speculative Trading IdeaBelow is a speculative trading idea for the BTC/USDT pair.
As of writing, there’s a consolidation and price chart compression towards the established local resistance level at a price of $35,195, following an impulsive 31% price increase from $26,794 with a rebound from the 50-day moving average.
Within the framework of this idea, we propose to consider the possibility of buying BTC at a price of $35,195.
We do so with the aim of continuing the BTC price rise towards the resistance zone located near the POC volume level, corresponding to the trading range of the first half of 2022. The approximate target for this trade is $38,440.
An additional factor supporting this decision is the cumulative delta, indicating sustained buyer interest. The potential for this trade is estimated at 9%, with a stop-loss set at the 3% level, which amounts to $34,100.
BEST Crypto Memes 🤣TAKE WITH SALT - degen levels memes incoming !!
... Because sometimes, you just need to take a break, relax and laugh a little! Enjoy my favorite compilation of crypto memes 😎
RIDICULOUS I mean smh. (But please Blackrock)
yikes
When it does that thing...
Not wrong
Not sure that this is even a meme
The perfect art doesn't exi...
Because who needs bread amirite
sad for real
no frens in the industry...
I am though
🤣🤣🤣🤣🤣🤣🤣🤣🤣
Thanks for hanging out with us,
SHARE YOURS BELOW !!
Link Elliott wave options from here. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Chart NAILED the pivot at 13.391 identified 🧵
Well, missed by $0.03.
Couple of counts I am keeping an eye on.
What's your favorite colour?
Link Elliott Wave updateIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Previous count kept me from going all in...
That's an Elliotwave W, imo.
Looking for a potential W4 here.
Near the 1st AOI.
Other areas labeled on chart.
Nice easy count atm,
don't have to spend hours trying to be
an Elliott wave hero.
BNT/USDT Speculative Trading IdeaBelow is a speculative trading idea for the BNT/USDT pair.
As of writing, the asset's value has decreased by more than 50% after a strong growth of 240%. The asset meets our expected indicators and reaches a high of $1.9546 .
We decide to acquire the asset at the current price of $0.8426. The 50-day moving average serves as support. A decrease in seller activity is also noted, and the price is being held by buyers according to the cumulative delta. The volume profile also reflects market participants' interest in this asset at this price level.
The first target of our trade is to reach the mirror level at $1.0500, with a profit percentage of over 20%. Upon reaching this level, we plan to close the majority of our position, which will be 80%.
The second target, intended for the remaining 20% of the position, is to reach a price of $1.2163 in the event of a breakout of the mirror level. The expected profit at this stage will be over 40%.
FXSUSD Emerging 1D Golden Cross.Frax Share (FXSUSD) is about to form a 1D Golden Cross, the 2nd such pattern within the 11-month Triangle. The first rose to a 2.0 Fibonacci extension High on February 09. A 2.0 Fibonacci rise on the current sequence from its last High would take the cryptocurrency to 10.000, on a potential contact with the 1D MA100 (green trend-line), the first since April 18.
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A few trends to watch out for After hitting nearly $38,000 last Thursday, a questionable relationship between the rising price of Bitcoin and decreasing volume continues to develop. In addition to that, the data obtained from LookIntoBitcoin reveals the number of Bitcoin addresses with balances exceeding 100 BTC dropped from 16,029 to 15,966 between 8th November and 13th November 2023, marking the most significant drop since the start of the rally; besides that, the number of these Bitcoin addresses is far lower from its 2023 high of 16,191 (5th January 2023). A similar trend can also be observed among the number of Bitcoin addresses with balances exceeding 1,000 BTC, which dropped from 2,025 on 3rd November 2023 to 2,011 on 13th November 2023 (this decline is less significant than the one in the previous group, though it still should not be overlooked); plus, the number is also down from the 2023 high of 2,054 (25th January 2023).
Now, in regard to technicals on the daily chart, RSI has continued to trend within the overbought territory for the past few days. As such, we continue to wait for a breakout below 70 points, which we expect to be accompanied by a pullback in the price (probably somewhere between $34,000 and $35,000). Furthermore, Stochastic and MACD began to flatten, reflecting decreasing bullish momentum. Overall, our stance remains unchanged since the previous update. We will update thoughts on the asset with the emergence of new developments.
Illustration 1.01
Illustration 1.01 shows the daily chart of BTCUSD and illustrates a questionable relationship between the price and volume.
Illustration 1.02
Illustration 1.02 portrays the 4-hour graph of BTCUSD, with the price trading within the upward-sloping channel; a breakout below or above the channel is something to pay attention to in the short term.
Technical analysis gauge
Daily time frame = Bullish (with the trend losing momentum)
Weekly time frame = Bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
FET/BTC - Fetch.ai: Trend Reversal◳◱ On the $FET/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00001279 | 0.00001401 | 0.00001698 and support near 0.00000982 | 0.00000807 | 0.0000051. Entering trades at 0.00001093 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Fetch.ai
▣ Rank: 138
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Infrastructure - Artificial Intelligence
▣ Overview: Fetch.ai is building a decentralized machine learning platform based on a distributed ledger, that enables anyone to share or exchange data.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001093 ₿
▣ 24HVol: 22.205 ₿
▣ 24H Chng: -3.445%
▣ 7-Days Chng: 2.98%
▣ 1-Month Chng: 88.99%
▣ 3-Months Chng: 98.37%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001279 | 0.00001401 | 0.00001698
◢ Support: 0.00000982 | 0.00000807 | 0.0000051
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: SELL
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: 7.94
▣ Last 90D: 3.28
▣ Last 1-Y: 2.08
▣ Last 3-Y: 1.24
◲◰ Volatility :
▣ Last 30D: 1.03
▣ Last 90D: 0.84
▣ Last 1-Y: 1.26
▣ Last 3-Y: 1.44
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.71 - Bullish
▣ In-depth FETBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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NTRN/BTC - Neutron Coin: Failure Swing◳◱ On the $NTRN/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.00001166 | 0.00001309 | 0.00001641 and support near 0.00000834 | 0.00000645 | 0.00000313. Entering trades at 0.00001278 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Neutron Coin
▣ Rank: None
▣ Exchanges: Binance
▣ Category/Sector: N/A
▣ Overview: Neutron Coin project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001278 ₿
▣ 24HVol: 42.593 ₿
▣ 24H Chng: 35.957%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001166 | 0.00001309 | 0.00001641
◢ Support: 0.00000834 | 0.00000645 | 0.00000313
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth NTRNBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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BNX/USDT - BinaryX: Super Trend◳◱ On the $BNX/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.3072 | 0.3342 | 0.3926 and support near 0.2488 | 0.2174 | 0.159. Entering trades at 0.3028 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: BinaryX
▣ Rank: N/A
▣ Exchanges: Binance, Bybit, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: BinaryX project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.3028 ₮
▣ 24HVol: 7,500,280.010 ₮
▣ 24H Chng: 7.376%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.3072 | 0.3342 | 0.3926
◢ Support: 0.2488 | 0.2174 | 0.159
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth BNXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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BITCOIN This'll be the last pullback before the parabolic rally** ETF anticipation **
Bitcoin (BTCUSD) is rising against the majority's sentiment, which is something it does more often than not, fueled of course on a large degree by the heavy speculation over the SEC's Bitcoin ETF decision. Fundamentally, an approval can certainly cause another leg upwards based on euphoria, before the effect recedes as we move towards Halving 4 in April 2024.
** The RSI's Fibonacci Channel motion **
Based on certain technical data on the 3W time-frame, we can technically see only a minor uptick and then a multi-week pull-back before the bullish trend is resumed. This is based on the 3W RSI, which is trading inside a Fibonacci Channel Down since its inception, testament that despite BTC's enormous long-term growth, each Cycle shows diminishing returns (as adoption gets higher).
The RSI is almost on the 0.5 Fibonacci retracement level, which in the past has delivered a pull-back to at least the 0.382 Fib (exception September 2019 when it dropped lower as it corrected the huge Libra hype). The 0.5 Fib rejection is shown by the red arrows. When a rebound took place on the 0.382 Fib (green arrows) Bitcoin started a rally that never looked back. The whole price action is displayed by the blue circles. On top of that, see how beautifully the overall motion is depicted by the Sine Waves.
** Last correction before the rally **
Of course much depend on the upcoming ETF decision, but even in the event of a considerable new price surge, BTC should technically give one last pull-back at least to the 0.382 3W RSI Fib, that will most likely be the last opportunity to buy before the Bull Cycle's parabolic rally starts.
Do you agree with this RSI Fibonacci projection? Feel free to let us know in the comments section below!
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KLAYUSD is about to rise aggressively.Klaytn (KLAYUSD) broke today above its 1D MA200 (orange trend-line) for the first time in 6 months (since May 08). This is a major bullish break-out for the medium-term as the price is on the rise after making a Lower Low at the bottom of the 1 year Channel Down. That was the last Resistance to break in a series of bullish break-outs, first the 1D MA50 (blue trend-line), then the Inner Lower Highs, followed by the 1D MA100 (green trend-line).
The price is about to form a 1D MA50/ MA100 Bullish Cross, and last time we saw this pattern (February 08), the price immediately responded with the 2nd part of the bullish leg's rally. We are targeting 0.26500, which would represent a +154.23% rally from the bottom, similar to the peak of February 20.
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AVAXUSD Targets achieved. What's next?Avalanche (AVAXUSD) hit today our final (2nd) target of 15.5000 as we proposed on the bullish break-out signal we gave (see chart below) on October 04:
The question is, does this rally still have fuel in it or it will correct now? A reliable indicator in this case is the 1D MACD which, while the crypto has been inside the Channel Down pattern, it peaked both times just below 2.0000. This peak was confirmed only after a Bearish Cross. As a result, this rally still has room to go higher and the strongest Target (1) is the top of the top of the (dashed) final Channel Down that remains valid at 21.500. A break above Resistance 1 (22.9000) could also deliver a test of the 1W MA100 (yellow trend-line) at 26.000, but it is very doubtful to see a greater extension without a meaningful pull-back first.
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HOOK/BTC - Hooked Protocol: Trend Reversal◳◱ On the $HOOK/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00003021 | 0.00003219 | 0.00003746 and support near 0.00002494 | 0.00002165 | 0.00001638. Entering trades at 0.00002791 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Hooked Protocol
▣ Rank: 289
▣ Exchanges: Binance
▣ Category/Sector: N/A
▣ Overview: Hooked Protocol project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00002791 ₿
▣ 24HVol: 3.051 ₿
▣ 24H Chng: 7.181%
▣ 7-Days Chng: 0.68%
▣ 1-Month Chng: 24.28%
▣ 3-Months Chng: 2.94%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00003021 | 0.00003219 | 0.00003746
◢ Support: 0.00002494 | 0.00002165 | 0.00001638
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 4.83
▣ Last 90D: 0.57
▣ Last 1-Y: -0.93
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: 0.62
▣ Last 90D: 0.82
▣ Last 1-Y: 1.04
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.61 - Bullish
▣ In-depth HOOKBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
SOL setting? Elliott Wave countsIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Some Elliott Wave counts I mulling over.
Breaking some pivots will assist in find a clear count.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there are two crucial levels that investors/traders should keep a close eye on. These are the Outer Coin Rally 39200 and the Outer Coin Rally 41200. These levels are significant as they can influence the future trend of Cryptocurrency.
ETH/USD Secondary trend (part). Reversal zones. Channel. 9 06Secondary direction (part). Terms 3 days. logarithmic graph. Reversal zones. Channel in 96% increments
The price squeeze zone for about 1 month in a narrow range of 14% under the resistance of the horizontal channel (+60% of the trend reversal) in the local ascending channel after a false breakdown of resistance on April 18. Decoupling in the near future (relevant for traders working medium-term and locally).
The chart shows price reversal zones, the reaction of which determines the further medium-term development of the trend. Also, for clarity, percentages of key resistance/support levels from price reversal zones are shown.
Line chart. Time frame 3 days.
Scare and save, this is the essence of earning wolves and losing funds to illusoryly frightened and then rescued sheep.
Main trend. Time frame 1 month.
ETH/USD Main Trend Pamp/Dump Cycles. Accumulation/distribution.
A healthy balance of risk management is the basis for increasing a trader's cash deposit.
In trading, you can't always be right... It's unnecessary and impossible.
But when you're wrong, you shouldn't lose too much money...
When you are right, the gain should be much greater than the loss if you miscalculate.
Profit to loss must be at least 3 : 1.
LDOUSD Expecting a 1D MA50 pull-back.Lido Dao (LDOUSD) has finally broken above the hurdles of the Lower Highs trend-line that kept the trend bearish throughout the majority of 2023. Ahead of the first 1D Golden Cross pattern in more than 9 months, it is possible for buyers to take some profits around Resistance 1 (2.4850) and the 0.618 Fibonacci level (2.4125) and look to buy after the Golden Cross.
Especially with a 1D RSI vastly overbought near 80.00, we are expecting a pull-back towards the 1D MA50 (blue trend-line) and 0.382 Fib in order to buy and target the 0.786 Fibonacci retracement level at 2.8000, which is practically Resistance 2.
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👇 👇 👇 👇 👇 👇