fibchartspro
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chartpattern
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RENUSD
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240Short
Bounced From Upper Channel to the Bottom of the Descending Channel. Multiple levels of the Resistance above Target : Below $1.00
1
Not good Price fallows descending channel Broke below Buffer Zone (canceled Upper target) From Buffer Zone to Resistance Zone Target $1.80
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Bear : As expected, hit the upper channel resistance ,put a new Lower High.Price stuck between 38 and 50% resistance. Bull: Buffer Zone has moved UP. Needs to break above upper channel resistance and Fib (50 and 61 %) to advance to upper target
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Buffer Zone established within Ascending Chanel with Resistance above ( Upper Descending Chanel and Fib's) Upper Target above if price stays above Buffer Zone
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