We can clearly see that the pair has really serious problem to go thru massive support created between 50% and 38.2% Fibonacci levels based on first and second bullish wave. For the last 6 months every attempt to go thru this level was rejected by market. Level 38.20% is align with round number .00030000. 200 EMA is also holding further losses since begging of February till now. I set SL just below 0.00027500 level with TP around 0.00088000. Safe TP area is near highest highs from the beginning of September.
0.0002750 level was tested two times with doji candle 25th of September and morning star formation created 4th of December in 2016.
..in my opinion the pair created flag pattern which in near future should act as a prologue for further gains in value and eventually reaching 0.00090000 level.
0.0002750 level was tested two times with doji candle 25th of September and morning star formation created 4th of December in 2016.
..in my opinion the pair created flag pattern which in near future should act as a prologue for further gains in value and eventually reaching 0.00090000 level.