5.5 Significant support and $ 4.5 in case of failure
In the event of a break of the $ 5.5 resistance, which is the resistance of 1 Fibonacci and the Kijonsen Flat line, Double-Top is stabilized and I expect it to fall to the range of $ 4.5.
If we draw from the previous Fibonacci wave, the $ 4.5 range is at 1,618 Fibonacci, as well as the previous classic resistance of this currency in the previous uptrend.
Of course, in my opinion, if the uptrend is to be maintained, it will not reach $ 4.5, and the downtrend will end a little sooner.
If we draw from the previous Fibonacci wave, the $ 4.5 range is at 1,618 Fibonacci, as well as the previous classic resistance of this currency in the previous uptrend.
Of course, in my opinion, if the uptrend is to be maintained, it will not reach $ 4.5, and the downtrend will end a little sooner.
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.