Threshold crossed over the LH trendline of 2023, turning bullish on the 1D timeframe (RSI = 67.372, MACD = 0.000, ADX = -21.212). This is a confirmation that a new rally has started, as it also closed over the 1D MA50. This has been done before on June 23rd but there was no RSI Bullish Divergence as it built up now.
Consequently, the short term target is the 1D MA200 (TP1 = 0.0240) and after a pullback rebuy and target the R1 level (TP2 = 0.02955). After that, the upper Fibonacci levels will play the Resistance part.
## If you like our free content follow our profile to get more daily ideas. ##