LDO has formed a triangle and right now it is on the triangle wedge and could break up. If it breaks the 1,438 support, it could start a downtrend which I don't believe will happen. A strong technical indicator is the RSI which is a momentum oscillator which measures overbought or oversold stress; in this case it is extremely oversold, indicating the sellers' exhaustion.
BRL 1,691
R-$2.010
BRL 2,836
S-$1,361
S-$0.792
BRL 1,691
R-$2.010
BRL 2,836
S-$1,361
S-$0.792
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
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Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.