Just as previous stated in the previous analysis:
-I was expecting price to make make a bullish retracement and test the former neckline/area of support.
-Price found some bullish momentum and tested this area which is now acting as resistance.
-Also price retraced and is now respecting the 61.8 Fibonacci level.
-This also give indication that price is ready to make a bearish push.
I am expecting price to drop possibly to 93.5 area.
Like, Comment, Follow for more. If you see something different or disagree, feel free to post your own analysis in the comments!
-I was expecting price to make make a bullish retracement and test the former neckline/area of support.
-Price found some bullish momentum and tested this area which is now acting as resistance.
-Also price retraced and is now respecting the 61.8 Fibonacci level.
-This also give indication that price is ready to make a bearish push.
I am expecting price to drop possibly to 93.5 area.
Like, Comment, Follow for more. If you see something different or disagree, feel free to post your own analysis in the comments!
