Hello Trading View Community,
SCUSD looks like we might see an attempt to breakout and ride a nice rocket ship to the Mars, at least maybe Moon.... Now, before we go packing our bags, we need to make sure SCUSD flips the current resistance zone here at the 0.236 Fibonacci level and confirms it as support. Another bullish sign is coming from the Exponential Moving Averages trying to curl up and form a nice golden cross, with a nice hidden RSI divergence, till this happens though we might see some ranging.
If it does breakout, I think we can see a push up towards the 0.382 fib point. However, I'm putting my first target a little further down as this is an area that starts to form a volume peak (not pictured).
Thank you guys for checking out this idea on SCUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise.
SCUSD looks like we might see an attempt to breakout and ride a nice rocket ship to the Mars, at least maybe Moon.... Now, before we go packing our bags, we need to make sure SCUSD flips the current resistance zone here at the 0.236 Fibonacci level and confirms it as support. Another bullish sign is coming from the Exponential Moving Averages trying to curl up and form a nice golden cross, with a nice hidden RSI divergence, till this happens though we might see some ranging.
If it does breakout, I think we can see a push up towards the 0.382 fib point. However, I'm putting my first target a little further down as this is an area that starts to form a volume peak (not pictured).
Thank you guys for checking out this idea on SCUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise.
Trade active:
Very nice pump for this trade idea. We saw multiple bullish signs for SCUSD developing and now finally broke out.
