If we get rejected at .618 i expect a fallback to .5 which has acted as recent resist which can act as support. We also have 200 MA crossing 50 MA. Blue box is entry level and Pink and yellow are TP1 and 2.
On the 1D we can see it followed the fib circle to a T. We came down, wicked to blue support and is now bouncing back up. Imo we ill move back into .30s range to test it again.
Interesting formation on 30min. I think this is going to be the deciding factor if we keep moving up or move back down to green support. If we move up im looking at light blue resistance. Excited to see :)
Were coming to a point on the daily where i think we have a very good chance of breaking out through the current trend line. Rsi is also trending up. I think we move up and into the red resistance zone and test the .382 fib. Will keep updated, good luck all :)
We hit this point of resistance shown from yellow circles. Rsi went into overbought territory, which is correcting, and is ready to test again which i think we can make it. If we fall back down, we find support at .2600. More updates in a bit :)
We broke the trend line as i hoped and now my next point of interest is around .29, where I expect to see some rejection and fingers crossed, we move past up into the .30s. Good luck everyone :)
Last idea didnt come out like i wanted so im trying again... lol
Im very new to this so take my opinion with a grain of salt but just wanted to put in my 2 cents.
If we break past this trend line i see us heading up to last resistance around .29. Chances are we bounce back down and off the support of the blue box which could give us enough to reach next...
