Still learning so please let me know your thoughts....
As you can see the price has tried to break the 78.6% Fib level for the last 7 days.
If we see a solid break of 1.37461 then the price could push along the lower trend channel or even break into the upper channel.
Possible big gain long idea
Thoughts and opinions appreciated
* Currently in a strong uptrend
* Price bounced off 78.6% Fib level (1.3746)
If price breaks 1.3746 I think there is a possibility of a move up to the next strong resistance of 1.43806
UPDATE OF PREVIOUS IDEA (2/11/20)
*Price following trend line as previous idea.
*Possible bounce off of the 78.60% Fib line
*Expect price to continue to rise to strong resistance of 1.42806
Still learning, advice and constructive criticism welcome
****UPDATE ON PREVIOUS IDEA*****
Reminder - Still Learning - Use or ignore this information as you see fit.
Continuing to rise - HOLD
* Price did drop below the trend line previously drawn.
* Trend channel moved slightly to fit the breakout.
* Appears to be false break out, price bounced off new trend line.
* Next major resistance marked by yellow line....