Price is approaching our Pivot point at 0.77497, in line with 38.2%, 78.6% fibonacci retracement , 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.78059, in line with -27% fibonacci retracement and horizontal graphical swing high. Do note that price is above the Ichimoku cloud and MACD is above 0 line, in line with our bullish analysis. Pivot: 0.77497
Why we like it:
38.2%, 78.6% fibonacci retracement , 100% fibonacci extension and horizontal graphical overlap 1st Support: 0.77198
Why we like it:
61.8% fibonacci retracement , 61.8% fibonacci extension and horizontal graphical overlap 1st Resistance: 0.78059
Why we like it:
61.8% fibonacci retracement , 78.6% fibonacci extension and horizontal graphical swing high
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