The price is testing the supply area as I said in my previous idea and the market printed another HL.
The price had a breakout from the ascending channel and retest the upper trendline as new support. The price could have another bullish impulse until the 0.618 Fibonacci level, where the price has another resistance.
How to approach it?
We are monitoring the price and we are waiting for a clear movement.
Long scenario: Breakout and retest (daily close above the 17600
Short scenario: Breakout and retest the support as resistance on 17100 (daily close)
Both scenarios need to analyze again with Plancton's Strategies
The price had a breakout from the ascending channel and retest the upper trendline as new support. The price could have another bullish impulse until the 0.618 Fibonacci level, where the price has another resistance.
How to approach it?
We are monitoring the price and we are waiting for a clear movement.
Long scenario: Breakout and retest (daily close above the 17600
Short scenario: Breakout and retest the support as resistance on 17100 (daily close)
Both scenarios need to analyze again with Plancton's Strategies
Clear 4%