The Price is moving inside of trading range and forming a bullish Flag Pattern on the larger scale.
Before it's able to push higher it needs to take down the previous swing high on the daily which is at $7.700 level. It is acting as the major resistance level which can be seen on the daily chart.
The measured price target for the bull flag is near to $8.800 level and the next major resistance can be be found near to $8.000 level.
If the price decides to break below of the support + EMA26, then the next support level I'd monitor for can be found at $6820 level.
Please, if any question comes to your mind don’t hesitate to ask! I try my best to respond ASAP!
If you need help with trading, finding information or courses let me know and I’d be more than happy to help you! Feel free to DM me in here or in my Twitter!
Things to Remember:
DISCLAIMER:
Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything.
Yarr
Before it's able to push higher it needs to take down the previous swing high on the daily which is at $7.700 level. It is acting as the major resistance level which can be seen on the daily chart.
The measured price target for the bull flag is near to $8.800 level and the next major resistance can be be found near to $8.000 level.
If the price decides to break below of the support + EMA26, then the next support level I'd monitor for can be found at $6820 level.
Please, if any question comes to your mind don’t hesitate to ask! I try my best to respond ASAP!
If you need help with trading, finding information or courses let me know and I’d be more than happy to help you! Feel free to DM me in here or in my Twitter!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
DISCLAIMER:
Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything.
Yarr
