Bounced off the current levels four times before making it a strong support, in a short term downtrend forming a descending triangle. Could see narrow range in the coming few days before it breaks out of the triangle. I would place my buy here and next buy at 100. A huge upside potential, a break upward from the triangle could start a new rally and we could see 20-25% gains, or more. The risk to the downside is low. The volume is extremely good. Traded in a narrow range with a huge volume today, so that's a good amount of accumulation
You could place your buy here or wait for the break out from the triangle. I have opened long positions at 105.8
You could place your buy here or wait for the break out from the triangle. I have opened long positions at 105.8
Note
Holding that support very well. we might see a bounce to the downtrend line and a retest of bottom soon. sell at 115-116
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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.