CC1! Neutral
Depends of the price actions of the coming days:
Scenario 1 (bearish short term):
If the 10 day MA and the Fibo level 78.6% is not going to hold we will see a backtest at the Fibo level 50% which correlate with the bullish wedge trend line.
Scenario 2 (bullish short and middle term):
If the 10 day MA and the Fibo level 78.6% is going to hold we will see a try to break the upper bullish wedge for a new high at the price level 2700.
Scenario 1 (bearish short term):
If the 10 day MA and the Fibo level 78.6% is not going to hold we will see a backtest at the Fibo level 50% which correlate with the bullish wedge trend line.
Scenario 2 (bullish short and middle term):
If the 10 day MA and the Fibo level 78.6% is going to hold we will see a try to break the upper bullish wedge for a new high at the price level 2700.
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