Analysis from Monthly all the way down to daily
Monthly
The price is very bullish. The price was over extended and made a retracement to the .618 fibonacci level. We were expecting the move because the 618 fib level is the most tested level in the market.
Weekly
The situation in the weekly time frame is the same situation that we have in M.
Daily
The price is currently rejecting the .618 fibonacci level place on monthly structure.
4hr
The price was making lower lows, but the market shift with the creation of a high. A good zone to see a rejection before the continuation to the up side could be at the price of 0.2844
Conclusion
The price is extremely bullish. We can see the creation of a higher high in Monthly time- frame.
THANK YOU FOR THE SUPPORT !!!!
Monthly
The price is very bullish. The price was over extended and made a retracement to the .618 fibonacci level. We were expecting the move because the 618 fib level is the most tested level in the market.
Weekly
The situation in the weekly time frame is the same situation that we have in M.
Daily
The price is currently rejecting the .618 fibonacci level place on monthly structure.
4hr
The price was making lower lows, but the market shift with the creation of a high. A good zone to see a rejection before the continuation to the up side could be at the price of 0.2844
Conclusion
The price is extremely bullish. We can see the creation of a higher high in Monthly time- frame.
THANK YOU FOR THE SUPPORT !!!!
Wiiso