In the chart $AGLD provided, Fibonacci retracement levels 🎯 are used to identify potential support and resistance levels for price movement. These levels are based on percentages of the price range.

Key Resistance Levels:

1. 0.236 (2.96) 🚧 - The first resistance level where the price may face selling pressure if it rises.
2. 0.382 (2.91) 🚧 - A stronger resistance zone that could slow or reverse upward momentum.
3. 0.618 (2.83) 🔥 - A critical level that often acts as a turning point.

Price Movement and Targets:

1.🚀 Bullish Target 1: If the price breaks above 2.49 (1.618 level), it could aim for 2.70.
2.🚀 Bullish Target 2: If momentum sustains, the next target is 2.83 (0.618 level).
3.🐻 Bearish Target: If price fails to hold and reverses, it might retest 2.15 (2.618 level).

Currently, the Stochastic RSI 📉 shows oversold conditions, suggesting a potential bounce. Monitor for confirmation of upward momentum 📈 or rejection at resistance levels! 🔍 $BTC $ETH #analysis