Technical Analysis:
-Extremely strong resistance (equilibrium zone on the monthly chart)
-Pattern of change in movement on the daily chart and a double top in lower timeframes, thus there is an alignment of readings
-Strong equilibrium points above $290, which act as technical magnets
Indicators:
-The Ichimoku Cloud shows solid resistance on the H4 chart, and the cloud cross on the daily chart warns of a possible reversal.
-The MACD indicator warns of a probable inflection point on the H4 chart.
-Extremely strong resistance (equilibrium zone on the monthly chart)
-Pattern of change in movement on the daily chart and a double top in lower timeframes, thus there is an alignment of readings
-Strong equilibrium points above $290, which act as technical magnets
Indicators:
-The Ichimoku Cloud shows solid resistance on the H4 chart, and the cloud cross on the daily chart warns of a possible reversal.
-The MACD indicator warns of a probable inflection point on the H4 chart.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.