According to the H4 time – frame, I found that price broke the resistance trendline in the background, which is a sign that buyers are in control. I also found the potential start of the rising channel, which also indicates that buying opportunities are preferable. I placed Fibonacci retracement to find a potential upward target and I got Fibonacci retracement 61.8% at the price of $6.855. Watch for buying opportunities.
Support cluster – $6.380
Upward target – $6.855
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