When the price is moving sideways very well while bouncing off of fib retracements, that's usually a good since. We already have enough support for the price to hold but yet not enough for the price to move upward.
We did see some rejections after the previous run up. Then the price slowly leveled off. We can expect a breakout once it hits the top green line.
Keep track of the order book and volume for the next few days.
We did see some rejections after the previous run up. Then the price slowly leveled off. We can expect a breakout once it hits the top green line.
Keep track of the order book and volume for the next few days.
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