BlockSafe Correction Up

Recently Triggers has found the low at $0.48 where it has rejected the middle trendline of the descending channel . The RSI oscillator showed a heavily oversold condition which could result in a corrective wave up. The RSI also broke above the downtrend trendline confirming the potential reversal or correction to the upside.

The support at 227.2% Fibonacci retracement seem to be broken, thus it is too early to speak of the reversal at this point, but the correctional move upwards should be expected. TRIG/USD could reach the nearest resistance at $0.87 in no time, but only break above that resistance might confirm the beginning of the uptrend.

At this point short consolidation period is possible, but only a daily break and close below $0.48 low would invalidate bullish outlook and send price lower, towards the next Fibonacci support at 327.2%.
ehhhnnnnnngh wrong
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out