The Chart is in a descending channel currently due to the high purchase. The Fibonacci retracement is measure from the previous high to low. The break of the channel would be devastating in a down trend but if we break the channel on top then expect the long term bullish chart as expected. The stop loss should be set on the channel break down point. Thank you.
The Rsi shown in the charts marks in oversold territory. Previous instances of the same situation have been marked. The price if following the same bullish pattern like the last two ATH breaks could reach 4.925 Target as indicated by the green line taken from the previous build-up. Stop-loss should be set at 2.5. TVL on the defi pulse has reached backed to 942.58...
