Prices could push lower before it reaches our buy entry, in line with our graphical support area, 78.6% fibonacci extension and 78.6%, 127.2% Fibonacci retracement where we could see a bounce above this level.
Price is approaching resistance in line with our graphical resistance area and 50% fibonacci retracement where we could see a further drop below this level.
Price is approaching our first resistance in line with our horizontal overlap resistance, 61.8% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level to our first support target.
Price is facing bearish pressure from our first resistance where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well.
Price is approaching our first support in line with our 50% retracement, 100% extension and horizontal pullback support where we could see a bounce above this level to our take profit target.
Price is approaching a support level and a break above our descending trend line would provide room for a further upside. These are the key levels for me now.
Have been seeing it consolidating bet $19 - $19.50 for almost a month.
Breaking out $19.50 should see it start trading within the range of $19.50 - $20
Price bounced off a key support level and a break above our descending trend line could provide the bullish confirmation. I will only consider a long position after this trend line has been broken.
