Hello Traders,
I have been monitoring the movement of Agrello very closely in last few days, and I think big breakout is imminent.
After the initial breakout on April 17th, it seems like orange trendline is acting as a strong resistance at the moment.
This trendline was drawn by connecting the peak from Jan 14th, which I suspect it to be a very very heavy resistance.
After the second breakout on April 21st, Agrello managed to find support at blue trendline which is a very bullish signal.
I expect Agrello to break this orange resistance in next few hours - days, and test pink box area. (50% profit)
RSI, Stoch RSI, and MACD looks very healthy for this breakout.
Happy trading
I have been monitoring the movement of Agrello very closely in last few days, and I think big breakout is imminent.
After the initial breakout on April 17th, it seems like orange trendline is acting as a strong resistance at the moment.
This trendline was drawn by connecting the peak from Jan 14th, which I suspect it to be a very very heavy resistance.
After the second breakout on April 21st, Agrello managed to find support at blue trendline which is a very bullish signal.
I expect Agrello to break this orange resistance in next few hours - days, and test pink box area. (50% profit)
RSI, Stoch RSI, and MACD looks very healthy for this breakout.
Happy trading
Trade active:
Beautiful setup. Bull flag formation is evident.
