Logarithm. Time frame 1 month. Main trend. Long-term trend. Decided to make an idea, as now, a lot of people from Ukraine and Russia emigrate to small Georgia for a while. There is a strong appreciation of lari while the currencies of other countries are depreciating. I won't describe why the GEL is getting stronger, as everyone understands why. Also, you should...
IMHO THIS IS THE TIME.... FOR USD TO SHOW HIS POWER... thanks to RTM& ICT methods
in my opinion the strengthening of the GEL is due to mainly the Russian migration or moreover the Russian escapee from their homeland cause of the global sanctions imposed on them, and Georgia is the one & only country on earth that has this easy visa politic towards Russia, long story short, they couldn't find a better country to become permanent residents...
Wedge Break $9.83 Stop: $8.97 Target: 11.43, Target 2: 14.43, Target 3: Momentum. Quote a lot of insider buying early last year. Small Insider Buying and 1 Insider sell recently.
The most important point for USDGEL is the cross for T1 trendline and 2.9743 support level for 2020. Price will be stabe in 2.87-3.40 range.
GEL - Possible entry here . Stop signal 4.21. Target 5.43 and 6.93. Insider Buying present.