Based on the Fibb retracement and S & R lines, we can see that price should get some support at the 110.50 level, this could be a good spot for entry as it should go up to 110.90 where it will test, and if its looking good, could surpass this level for some gains. We can also see a golden cross, which is a strong signal for an uptrend. I would grab at the dip and sell around 111.20 if it reaches that level, could be this weekend. Price is slightly overbought at the moment so we should see some correction to 110.50 before said uptrend begins.
Kommentera:
Price is taking off nicely, looks like our golden cross has been confirmed
Kommentera:
Price is rising even faster than I anticipated! Watch out, however, once this price starts breaking the uptrend outlined in red we could see some dips. We will soon test some resistance and price is largely overbought. Stochastic is max threshold as well so watch out. Enjoy the rise for now though :)
Price is rising even faster than I anticipated! Watch out, however, once this price starts breaking the uptrend outlined in red we could see some dips. We will soon test some resistance and price is largely overbought. Stochastic is max threshold as well so watch out. Enjoy the rise for now though :)
Kommentera:
After some nice rise price is tapering off a bit, heading for some support at 111.30, but we may also be entering a consolidation period here. We'll have to wait and see.
After some nice rise price is tapering off a bit, heading for some support at 111.30, but we may also be entering a consolidation period here. We'll have to wait and see.
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