AMD is trading inside a Channel Down since November 1st 2024 and under a second layer of lower highs since December 4th 2024.
Along with the 1day RSI that just crossed above its own Resistance level, the price crossed above that second layer of lower highs.
This is the first sign of an upcoming bullish breakout but the last Resistance to confirm that is the 1day MA50.
If that breaks, go long and target 144.00.
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Along with the 1day RSI that just crossed above its own Resistance level, the price crossed above that second layer of lower highs.
This is the first sign of an upcoming bullish breakout but the last Resistance to confirm that is the 1day MA50.
If that breaks, go long and target 144.00.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.