Three reasons to go long in this chart:
- 61.8% retracement of latest leg up (blue)
- Support/Resistance level (yellow)
- RSI divergence.
T1 is at the 38% retracement of latest leg down (red) where there's also a support/resistance level (yellow).
T2 is at the 78 % retracement of latest leg down (red) where there's also the 11.4/88.6% distance of the leg up (blue)
T3 is at 27% extension of the latest leg up (blue) and the psychological level of 0.80000