On monthly TF, Butterfly Harmonic pattern has been drawn.
Technically correct entry should be after crossing the resistance zone.
RSI is at 58 level which shows ample of room for price to go up. EMA-21 line is also below the price candles. Bollinger Band also suggest that bull run is on.
SWING Trade Value:
Buy : 23
TP-1: 47 (expected in April 2025)
TP-2: 68 (expected in Dec 2025)
SL: 13.64 (previously defined Low)
Technically correct entry should be after crossing the resistance zone.
RSI is at 58 level which shows ample of room for price to go up. EMA-21 line is also below the price candles. Bollinger Band also suggest that bull run is on.
SWING Trade Value:
Buy : 23
TP-1: 47 (expected in April 2025)
TP-2: 68 (expected in Dec 2025)
SL: 13.64 (previously defined Low)
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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.