4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 75. Take Profits:
TP1= @ 2.600 TP2= @ 2.750 TP3= @ 2.900 TP4= @ 3000 TP5= @ 3.150 TP6= @ 3.650 TP7= @ 4.160 ❤️ If you find this helpful and want more FREE forecasts in TradingView
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