Entry price: 48-50$
Target price: 54-55$
Chart pattern: Bullish symmetrical triangle. The price just broke the upper boundary of triangle and retested that level as a support. Moreover, the price breakout was confirmed by increased volume.
RSI: Neutral, approaching 60 level, thus, there is still a potential for the future growth.
Conclusions: Chart pattern and RSI suggest bullish momentum of the asset. Therefore, the long position is recommended after the price breakout.
No financial advice
Target price: 54-55$
Chart pattern: Bullish symmetrical triangle. The price just broke the upper boundary of triangle and retested that level as a support. Moreover, the price breakout was confirmed by increased volume.
RSI: Neutral, approaching 60 level, thus, there is still a potential for the future growth.
Conclusions: Chart pattern and RSI suggest bullish momentum of the asset. Therefore, the long position is recommended after the price breakout.
No financial advice
💥 Free signals and ideas ➡ t.me/vfinvestment
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
💥 Free signals and ideas ➡ t.me/vfinvestment
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.