π’οΈ USOIL support 0.618
π’οΈ Nearest strong support zone: around the fibo 0.618 level of the upward wave.
π’οΈ Nearest strong resistance zone: around recent peaks.
π’οΈ Technical environment:
π Moving averages: Downtrend
π MACD: Downtrend
π RSI: Downtrend
π’οΈ Price action: USOIL has started declines and found support near the 0.618 level of the upward wave. It looks like we are in for a continuation of the accumulation, so far it is impossible to talk about the start of a new downward wave. I still believe that there is a high probability of a continuation of growth.
π The scenario I'm playing out is a rebound from the 0.618 level and a continuation of the increases. 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.
π If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. π
π’οΈ Nearest strong support zone: around the fibo 0.618 level of the upward wave.
π’οΈ Nearest strong resistance zone: around recent peaks.
π’οΈ Technical environment:
π Moving averages: Downtrend
π MACD: Downtrend
π RSI: Downtrend
π’οΈ Price action: USOIL has started declines and found support near the 0.618 level of the upward wave. It looks like we are in for a continuation of the accumulation, so far it is impossible to talk about the start of a new downward wave. I still believe that there is a high probability of a continuation of growth.
π The scenario I'm playing out is a rebound from the 0.618 level and a continuation of the increases. 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.
π If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. π
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π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
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