TWTUSD: The 1D MA100 may be what's needed for a 1.6500 rally.
TWTUSD has crossed today over both the 1D MA50 and MA100 with force turning overbought technically on the 1D timeframe (RSI = 72.444, MACD = 0.001, ADX = 22.204). It hasn't closed a candle over the 1D MA100 since January 29th 2023, so today's closing may be vital for the long term. Even though the 1D MA200 looms just under the R1 level (0.9885), we believe that closing above the 1D MA100, will be the most crucial step towards a four month uptrend targeting the 0.618 Fibonacci level (TP = 1.65000). If it fails to close above the R1 level, we will take a short term sell, aiming at the 1D MA50 (TP = 0.8350).
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