Hello old friends..
In the previous analysis, I announced a pullback prediction of 88-90 to retest the support. Considering that the monthly close above the 93-94 support is important, after the coming days the price will grow to about 96.5-97.5 and I expect a pullback from that range.
My policy strategy is as follows:
If the pullback from the yellow rectangle is realized, buy and take a long position from the 89-90.5 range.
If the price grows to 99-100, it will be difficult to consider a long entry, but the 93.5 support will not be lost again.
Note that 108,000 and the more likely target for the next 3 months will be 125,500
We will see what happens...
Good luck
In the previous analysis, I announced a pullback prediction of 88-90 to retest the support. Considering that the monthly close above the 93-94 support is important, after the coming days the price will grow to about 96.5-97.5 and I expect a pullback from that range.
My policy strategy is as follows:
If the pullback from the yellow rectangle is realized, buy and take a long position from the 89-90.5 range.
If the price grows to 99-100, it will be difficult to consider a long entry, but the 93.5 support will not be lost again.
Note that 108,000 and the more likely target for the next 3 months will be 125,500
We will see what happens...
Good luck
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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.
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.