The price has been fluctuating for a while, however, we still can see the trend.
The price followed the four steps, and now, we reached the fifth step, would the price follow this one as before?
I would see it yes.
We have some hints.
The volume changed toward bullish. Also, the MACD is about to make a bullish cross. These all indicate that the price may go up soon.
So, how far would this fifth step go?
I made a Fib retracement to see if the price could reach any level. From the graph, we can see that the price is already reached the 0.382 level.
Let’s expect the price to reach 0.618 level.
The price followed the four steps, and now, we reached the fifth step, would the price follow this one as before?
I would see it yes.
We have some hints.
The volume changed toward bullish. Also, the MACD is about to make a bullish cross. These all indicate that the price may go up soon.
So, how far would this fifth step go?
I made a Fib retracement to see if the price could reach any level. From the graph, we can see that the price is already reached the 0.382 level.
Let’s expect the price to reach 0.618 level.