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Added 2024-01-07 19:42:38 +0000 UTCWe spoke last week about the need for a pull back now to test the important yellow support line and the price ended the week on this support line, this is a good start but let's see if it can hold.
I have added the white support levels too, so even if the yellow line is not held, it is perfectly fine to hold one of the standard white fib levels and then bounce.....one does not necessarily trump the other.
The 50 Day MA between the 0.5 - 0.618 Fib should be of particular interest and watch this move as the price may pull back for support.
