Fundamentally, the global demand for the asset is starting to recover moderately, this is a certain by the CFTC data on speculative position (236.5k). This trickle down to the technical analysis . buy position opens after price moves slightly above the consolidation region with target as have indicated. Note; view in timeframe below the one have used.
Fundamentally, the global demand for the asset is starting to recover moderately, this is a certain by the CFTC data on speculative position (236.5k). This trickle down to the technical analysis. buy position opens after price moves slightly above the consolidation region with target as have indicated.
Just the way I spotted similar region before, same way am spotting this one. Furthermore, history repeats itself. This area I brand critical area, is the region that is about to lips us the direction is going to take, that is for sure. According to my analysis the trend is about to head short, down to the point I underline for T.P 1...