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As you can see from the chart we successfully retested the green uptrend channel that we were broke down and now we formed a small down trend channel (red) that we broke out of it.
The target that we break up is the 0.886 fib level on chart, but be careful of a double top if we dont break 4.2$
Also we broke out of the downtrend that we were on RSI , we can expect a retest of the broken trend line before continuing up.
Its the weekend and typically not much happening, stay tuned as the market moves i will be updating the post.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
As you can see from the chart we successfully retested the green uptrend channel that we were broke down and now we formed a small down trend channel (red) that we broke out of it.
The target that we break up is the 0.886 fib level on chart, but be careful of a double top if we dont break 4.2$
Also we broke out of the downtrend that we were on RSI , we can expect a retest of the broken trend line before continuing up.
Its the weekend and typically not much happening, stay tuned as the market moves i will be updating the post.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Trade closed: target reached