As you can see we broke out and now it is time to pull back before a new flight direction ~4,70 $ I consider buying some bags @3,25~ & 2,85~. It is a long term investment & i will be more confident when the 5,50 $ level will be broken This is not a financial advice. Have a nice trade !
everything is on the chart 1740-1755$ area seems to be a strong resistance level for the moment (no daily candle close above these 2 levels) We can also notice a bearish divergence on the RSI (just remember what happened last bearish divergence). the 50% level is about to be crossed. Nice entries are near 1570-1620$ before a nice rally to the ATH 1800-1840$...
26350-27000$ is an important level as it matches perfectly with the following indicators: 200MA(Daily), 78,6% FIB. The RSI could also being rejected of the overbought zone The V recovery might be finished soon and we might go down. I have drawn the potential new long term channel and the fibonacci extensions that could play a role in the future. GLHF :) *This...