HEXUSD crossed over both the 2 month Falling Wedge pattern, as well as the MA50 (1d). This is a clear bullish signal for the long term but the short term is still limited by the MA100 (1d), which is unbroken since May 11th.
Trading Plan: 1. Buy after the price crosses over the MA100 (1d).
Targets: 1. 0.011800 (Resistance 1).
Tips: 1. The RSI (1d) turned quickly overbought over the 70.00 level. That potentially indicates that unless the MA100 (1d) breaks, the market needs a relief pull back or consolidation until those levels get neutral again.
Hi, I agree with the wedge, but we were too late with the entry point. We should have bought when the first resistance line was broken. Now, against the background of global bearish trend, I would look at 0.004665 level