- Edited on December 6, 2021
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Preference:
Price is abiding to the ascending trendline, signifying bullish momentum. We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection towards 1st Resistance in line with horizontal resistance.
Alternative Scenario:
Alternatively, price could push down to 1st Support in line with 100% Fibonacci projection and 50% Fibonacci retracement.