In the daily time frame, we see the formation of a zigzag pattern, and after the price correction, we have an increasing trend.
In the rectangle we have the daily pivot chart to which the price has reacted several times, so I see the first important resistance in the range of 0.34 to 0.35. This resistance is the resistance of 1 trend-based fibo and 2.618 qibunchi and the end of the uptrend of the zigzag pattern. And so I expect the price reaction in this range.
The next important resistance in case of failure is 1.618 trend-based fibo and 2.618 fibo and the end of the daily pivot, as well as the resistance of the rand number in the range of $ 0.4.
But if I react to the first resistance, I expect it to fall to $ 0.32.
Your opinion is very important to me.
In the rectangle we have the daily pivot chart to which the price has reacted several times, so I see the first important resistance in the range of 0.34 to 0.35. This resistance is the resistance of 1 trend-based fibo and 2.618 qibunchi and the end of the uptrend of the zigzag pattern. And so I expect the price reaction in this range.
The next important resistance in case of failure is 1.618 trend-based fibo and 2.618 fibo and the end of the daily pivot, as well as the resistance of the rand number in the range of $ 0.4.
But if I react to the first resistance, I expect it to fall to $ 0.32.
Your opinion is very important to me.
