WTI Crude Oil / USOIL is inside a Channel Down but the bearish strength is fading as a Falling Support has been formed while the 1day RSI Double Bottomed.
At the same time the 1day MACD is about to form the 2nd Bullish Cross in less than a month.
The very same (Channel Down) pattern was trading back in June - August 2022, with the same bullish divergence and MACD Bullish Cross.
The price bottomed on that Cross and rebounded to test the 1day MA50.
Buy and target again the 1day MA50 with an early target estimate being 77.00.
Previous chart:
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At the same time the 1day MACD is about to form the 2nd Bullish Cross in less than a month.
The very same (Channel Down) pattern was trading back in June - August 2022, with the same bullish divergence and MACD Bullish Cross.
The price bottomed on that Cross and rebounded to test the 1day MA50.
Buy and target again the 1day MA50 with an early target estimate being 77.00.
Previous chart:
Follow us, like the idea and leave a comment below!!
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thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.