Panjang
Substratum Upside Reversal
Substratum currently trading at the support area, between $0.3 and $0.38, that is 88.6% Fibonacci retracement level of the recent corrective wave down. Currently SUB/USD is right at the Fibs support, which could and should continue to act as the support.
As long as price stays above the $0.3, SUB should start moving upwards and could reach $1.43 area in the medium term. The $1.43 resistance is confirmed by two Fibonacci retracement levels, 38.2% Fibs applied through the all-time high, and 161.8% Fibs applied through the recent corrective wave down.
At the same time consolidation phase could take place and price might continue to range around $0.4 area. But only break and close below $0.3 could invalidate bullish outlook and send price lower.
As long as price stays above the $0.3, SUB should start moving upwards and could reach $1.43 area in the medium term. The $1.43 resistance is confirmed by two Fibonacci retracement levels, 38.2% Fibs applied through the all-time high, and 161.8% Fibs applied through the recent corrective wave down.
At the same time consolidation phase could take place and price might continue to range around $0.4 area. But only break and close below $0.3 could invalidate bullish outlook and send price lower.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.