MINAUSD: Staging a strong rebound but buy after the HL break.

MINAUSD crossed over the 1D MA50 and is having a strong short term rise, however due to the long term decline all year, the 1D technicals remain neutral (RSI = 52.377, MACD = -0.007, ADX = 27.403).

According to the RSI, the current Bull Flag is the same as January 15th-25th and as such it is best for you to buy after the price crosses above the HL trendline. We will follow that signal and buy the breakout targeting the 0.786 Fibonacci level (TP = 0.94000). It is obvious that the Fibonacci levels align well with Resistances of the downtrend.

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