The trend remains in the medium term and there would be another wave up approaching shortly. Fibs applied to the corrective wave after breakout shows that there is resistance at 261.8% retracement level, that is $1.788, which is inline with the extended upper of the .
The nearest support is at $0.85, which could potentially be broken, but the key support is based at $0.6 and only break below that level would invalidate outlook.
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