SEMRUSH ready for a breakout? 160 % profit possible (NEW)
Semrush Inc is an American public company that offers a SaaS platform known as Semrush. The platform is often used for keyword research and online ranking data, including metrics such as search volume and cost per click.
The price remains under the downsloping resistance but it looks like it may be getting ready for an explosive breakout.
The price retested previous resistance as a support and now 8,75$ should continue acting as a support if we get another retest.
Once the price breaks the downsloping resistance, it should fly.
Our final target is a golden pocket - 0.618 fib level which is around 22,80$.
Take profit levels are shown on the chart.
The price remains under the downsloping resistance but it looks like it may be getting ready for an explosive breakout.
The price retested previous resistance as a support and now 8,75$ should continue acting as a support if we get another retest.
Once the price breaks the downsloping resistance, it should fly.
Our final target is a golden pocket - 0.618 fib level which is around 22,80$.
Take profit levels are shown on the chart.
Comment:
The price is approaching the key support level.
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