- Edited on November 16, 2021
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Preference:
Price is abiding to the ascending trendline support, signifying overall bullish momentum. We can expect price to bounce from pivot level in line with 61.8% Fibonacci projection towards 1st resistance in line with 127.2% Fibonacci projection.
Alternative Scenario:
Alternatively, price could push further down to 1st support in line with 78.6% Fibonacci projection.