Hi everyone
the price is now forming an ascending pennant... so there is a big chance
the candle manage to break above our local resistant level( yellow dot line)
Only if the price can close above the line, upward pressure make sense.
target will be between 2.4$ and 2.55 or testing the top line of our pennant.
Bollinger bands and Ichimoku both indicate on bullish scenario right now.
our support level would be around 1.9$ level.
Enjoy the market
the price is now forming an ascending pennant... so there is a big chance
the candle manage to break above our local resistant level( yellow dot line)
Only if the price can close above the line, upward pressure make sense.
target will be between 2.4$ and 2.55 or testing the top line of our pennant.
Bollinger bands and Ichimoku both indicate on bullish scenario right now.
our support level would be around 1.9$ level.
Enjoy the market
Trade active
still we have hope the underline of our pattern or 1.9$ support level hold the priceso our stop loss would be below 1.9$
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Related publications
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.