Analysis of #giggle on a 15-minute chart
The price shown in the chart is 36.41, and the currency rebounded from the 35.68 area after a correction from the peak 36.91.
The level 36.33 represents the Fibonacci 23.6% resistance, and the price is trying to hold above it. The RSI indicator at 58.44 suggests an improvement in buyers’ momentum.
However, the indicator dashboard still shows WAIT, with two positive signals out of six, so the upward move has not been confirmed yet.
Positive scenario: holding above 36.33 then breaking 36.91 may support the continuation of the uptrend.
Negative scenario: returning below 35.97 could open the way to test 35.68, then 35.39. $GIGGLE
The price shown in the chart is 36.41, and the currency rebounded from the 35.68 area after a correction from the peak 36.91.
The level 36.33 represents the Fibonacci 23.6% resistance, and the price is trying to hold above it. The RSI indicator at 58.44 suggests an improvement in buyers’ momentum.
However, the indicator dashboard still shows WAIT, with two positive signals out of six, so the upward move has not been confirmed yet.
Positive scenario: holding above 36.33 then breaking 36.91 may support the continuation of the uptrend.
Negative scenario: returning below 35.97 could open the way to test 35.68, then 35.39. $GIGGLE