May17: FCPO (Daily) - Bulls Likely Take a Breather...đźđ
CPO: Weekly & Daily Up-Channel top reached last week. đâ
Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place.
In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k
Else, price may find support at S1, prev ATH, or UTL1.
âïžApril11 Long Call hit R1, next will be R2...
âïžMidterm Bull Cycle: Strong Breakout from R2 marked below from Sept2020...
Happy Hunting! Stay Safe! âïž
-JK-
Coupled with slight momentum weakness on Hourly, suggesting an overdue retracement might finally take place.
In case of continued bullish momentum, mainly driven by macro reasons, look to R1: ~4.6k, R2: ~4.8k
Else, price may find support at S1, prev ATH, or UTL1.
âïžApril11 Long Call hit R1, next will be R2...
âïžMidterm Bull Cycle: Strong Breakout from R2 marked below from Sept2020...
Happy Hunting! Stay Safe! âïž
-JK-
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