The long wick on today’s candlestick suggests traders are booking profits after the recent up-move. The first support on the downside is 38.2% Fibonacci retracement level at $105.7886 and then the 50% retracement at $92.6259. If the price rebounds off either support, it will suggest that traders continue to buy on dips. The buyers will then try to resume the...
The first support on the downside is the 38.2% Fibonacci retracement level at $0.6646150 and then the 50% retracement level at $0.5958618. f the price rebounds off either support, it will suggest that bulls continue to look for buying opportunities on dips. They will then try to resume the uptrend and drive the price to the psychological level at $1. On the...