Hello and thank you for watching my Analysis!
As you can see we have seen crazy parabolic action over the past weeks and it seems like we are not done yet.
We practically ripped through every Fibonacci resistance and right now we are below the 0.382 Fib, waiting for another breakout.
What's interesting to see here is that the RSI 14 is completely overbought, yet we stay in that critical zone to consolidate for another push to the upside it seems.
So the next logical target would be the 0.236 Fibonacci (sits at 0.009066) and then the last and most important Fibonacci 0 (0.0010992) for this move.
If we manage to consolidate above this resistance we can finally say that we managed to get out of bearish momentum and we are ready to start new bullish trends.
Don't fall into the short mode, when action is still appearing. Take this chart as your help to find entry and exit in hopefully a higher-priced future.
Be safe, be happy, be healthy
Kami
As you can see we have seen crazy parabolic action over the past weeks and it seems like we are not done yet.
We practically ripped through every Fibonacci resistance and right now we are below the 0.382 Fib, waiting for another breakout.
What's interesting to see here is that the RSI 14 is completely overbought, yet we stay in that critical zone to consolidate for another push to the upside it seems.
So the next logical target would be the 0.236 Fibonacci (sits at 0.009066) and then the last and most important Fibonacci 0 (0.0010992) for this move.
If we manage to consolidate above this resistance we can finally say that we managed to get out of bearish momentum and we are ready to start new bullish trends.
Don't fall into the short mode, when action is still appearing. Take this chart as your help to find entry and exit in hopefully a higher-priced future.
Be safe, be happy, be healthy
Kami
KSC
