$SAGA D1 Bullish Idea.
The market bounced off the 62% Fib level of the uptrend measure and is now aiming for the 24% Fib re-entry level.
The recent spike saw a rejection from the 50% Fib level of the downtrend measure, but the market is currently anchored by the bullish NT.
Price could reverse at this point, as the uptrend could create a GX EMA that would push the price above the D1 EMA200 and test the VAH breakout.
If the breakout mentioned above occurs, the possibility of a new local high could increase and we could see it fall back to the $4 area again.
In case the triangle breaks, invalidate this trend as price could drop to the POC level which is currently valued at $1.3303 as of this posting.
