We are considering the possibility of continuing the upward movement. We hold the level by RSI. + increase in analyst ratings. Also, the price bounced off the EMA50. The planned decree of President Joe Biden, aimed at increasing competition in the United States, can play a negative role.
it is necessary to observe the level of 5.5 and 4.9, after reaching these values, it makes sense to enter the corresponding transactions. Bearish class B divergences, which are evident on RSI, MFI, AO, speak in favor of the decline. However, this is not a guarantor of a collapse, but may simply be a signal for the pair to dump, since the price is in the range (13%...
When breaking through 5.58, you can look long, since the plane, which can now be the 4th wave of wave A in a zigzag. The idea of long is considered within the framework of the fact that wave A is most often 0.618 of wave 5. In logarithmic terms, the drop was 0.5. We can also see a bullish candle on the weekly chart, as well as an attempt to hold on to ema50. The...
We are standing in the ascending channel, a small flag has formed. Since we broke through the level of 0.5 fibo, we can assume that the correction has ended and the growth will continue... Option 1. Take the current ones, but it is dangerous, because there is a small divergence. Option 2. Take it when the red line is broken and held. The growth goal of 140 is...
The beige line is the level, made by eye. The black line is the level, accurate. Above the first black line (when pinning, you can consider a long one) with the corresponding goals. It is also possible to fall down if this movement is from 2016 to 2019 wave A, and the current triangle is wave B and we are going to wave C. Remember this!