🛢️ USOIL Preparing To Rise
🛢️ Nearest strong support zone: around the fibo level 0.382 of the upward wave.
🛢️ Nearest strong resistance zone: around the fibo level 0.236 of the downward wave.
🛢️ Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
🛢️ Price Action: USOIL is again climbing in price going back around its local peaks established around $82.5. The price formation looks very pro-growth, it looks like a third upward wave after the second one that failed to break through the new lows. The upward trend can be expected to continue in the coming weeks.
🛢️ The scenario I am playing out is a continuation of the upward trend to the area of resistance marked on the chart. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🛢️ Please do not suggest the path I have outlined with lines, this is just a hypothetical scenario.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
🛢️ Nearest strong support zone: around the fibo level 0.382 of the upward wave.
🛢️ Nearest strong resistance zone: around the fibo level 0.236 of the downward wave.
🛢️ Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
🛢️ Price Action: USOIL is again climbing in price going back around its local peaks established around $82.5. The price formation looks very pro-growth, it looks like a third upward wave after the second one that failed to break through the new lows. The upward trend can be expected to continue in the coming weeks.
🛢️ The scenario I am playing out is a continuation of the upward trend to the area of resistance marked on the chart. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🛢️ Please do not suggest the path I have outlined with lines, this is just a hypothetical scenario.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
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