Entry price: 144-145$
Target price: 150-151$
Stop loss: 142-143$
Bollinger bands: the price is approaching the lower band
Candle pattern: inverted hammer
Fibonacci retracement: the price is approaching 1 (144,43) level
Conclusions: Bollinger bands and candle pattern suggest a trend pullback. Moreover, the price is approaching the Fibonacci level, thus the long position is recommended with the stop loss under the resistance level.
No financial advice
Target price: 150-151$
Stop loss: 142-143$
Bollinger bands: the price is approaching the lower band
Candle pattern: inverted hammer
Fibonacci retracement: the price is approaching 1 (144,43) level
Conclusions: Bollinger bands and candle pattern suggest a trend pullback. Moreover, the price is approaching the Fibonacci level, thus the long position is recommended with the stop loss under the resistance level.
No financial advice
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