Fiverr (FVRR) is showing signs of a local bottom near $22–23, right along the long-term descending channel support. Price has held above the $20.00 rebuy zone, suggesting buyers are stepping in around this key structure.
The setup targets a technical mean reversion toward the descending resistance trendline, with a short-term upside toward $30–32.
The setup targets a technical mean reversion toward the descending resistance trendline, with a short-term upside toward $30–32.
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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.