Based on History analysis quoting year 2004 when price bounced off the ground price made a high as it did recently and then retrace back to 50% before to make a next move up.
The 50% Fibo retracement Level from Current Very low 1.61 to Very high 15.65 matches to 127% retracement from Low 9.85 to High 15.65 of the current trend. resulting the bottom price is 8.27. Price will come down to 8.27 before to make a new high above 15.65.
The 50% Fibo retracement Level from Current Very low 1.61 to Very high 15.65 matches to 127% retracement from Low 9.85 to High 15.65 of the current trend. resulting the bottom price is 8.27. Price will come down to 8.27 before to make a new high above 15.65.