We are in the oversold RSI area.
Uptrend convergence is confirmed by MACD, the volume was also increasing.
If we will be able to break the upper resistance, we may expect a target with 60% profit.
The trade may develop for several weeks though.
Good luck!
Uptrend convergence is confirmed by MACD, the volume was also increasing.
If we will be able to break the upper resistance, we may expect a target with 60% profit.
The trade may develop for several weeks though.
Good luck!
Trade closed: target reached
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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.