We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner. We have a support area at the lower border of the channel at $1.80 from which the price rebounded We have a tendency to stabilize above moving average 100 We have an uptrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 1.90 First goal 2.18 The second goal is 2.35 the third goal is 2.56
Trade active
First goal 2.18 Reached The second goal is 2.35 Reached
Trade closed: target reached
First goal 2.18 Reached The second goal is 2.35 Reached the third goal is 2.56 Reached
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.