Prediction: SIDEWAY to Rally (When it breaks 0.155)
Target Price: R1=0.155, R2=0.18-0.19, R3=0.22-0.25
Support/Cut Loss: S1=0.125, S2=0.11
*Trend direction: SIDEWAY- Price move along at strong support Lifeline (Redline)
*Turning points (White-candle) have appeared on 06-Aug, an indication of the price revert to upward direction.
*Acceleration (White-diamond) signaled on 29-Jul & 07-Aug, an indication of strong momentum.
*Take-off zone (Yellow-candle & Bell-alert) appeared on 07-Aug, an indication of price rally zone.
*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Uptrend
*BT-Yellow-Diamond = Bottom signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*White-Diamond = Strong upward momentum accelerator.
*White-Candle = Turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Potential Price take-off area.
SELL Signal:-
*Red-Background = Downtrend.
*Red-Dot = Potentially a Top signal.
*Blue-Candle = Potential price selling off area.