The bulls are taking over the market. After last week bullish move, price is still move to go higher to test the horizontal resistance at $2.692. The formation at the bottom shows a double bottom with a peak at $2.692. The chart shows that price will likely test this level and a break above it will initiate more move the upside.
Levels traders need to keep an eye on this week is the horizontal resistance.
First target move up: 2.693
Breakout above the first target: 2.762
Resistance 1: 2.872
Resistance 2: 2.872
Resistance 3: 3.039
Resistance 4: 3.212
Resistance 5: 3.374
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice and happy new months guy.
Levels traders need to keep an eye on this week is the horizontal resistance.
First target move up: 2.693
Breakout above the first target: 2.762
Resistance 1: 2.872
Resistance 2: 2.872
Resistance 3: 3.039
Resistance 4: 3.212
Resistance 5: 3.374
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice and happy new months guy.