Good day, dear friends!
A rather interesting picture was observed yesterday. Let's take a look at 4h TF. At the moment, in fact, we still have a downtrend, but locally, yesterday’s aggressive buyback of the $ 7,000- $ 6,900 zone showed that buyers still have more control. It also shows that at the moment the price is fixed for 200 movings, as well as for the upper limit level of $ 7260.
Yesterday I wrote that buyers urgently need to gain a foothold over $ 7150, otherwise we will see a retest of $ 6500. In the setup shown on the chart, we clearly see the bullish mood of the market, so I recommend holding a long position up to $ 7495 (the first target). Also, when breaking through $ 7700, the nearest resistance will be $ 8000-8100
Buy signal
Goals: 1) 7495 2) 7683 3) 7892 $ 4) 8000 + $
Stop: -2.4%
A rather interesting picture was observed yesterday. Let's take a look at 4h TF. At the moment, in fact, we still have a downtrend, but locally, yesterday’s aggressive buyback of the $ 7,000- $ 6,900 zone showed that buyers still have more control. It also shows that at the moment the price is fixed for 200 movings, as well as for the upper limit level of $ 7260.
Yesterday I wrote that buyers urgently need to gain a foothold over $ 7150, otherwise we will see a retest of $ 6500. In the setup shown on the chart, we clearly see the bullish mood of the market, so I recommend holding a long position up to $ 7495 (the first target). Also, when breaking through $ 7700, the nearest resistance will be $ 8000-8100
Buy signal
Goals: 1) 7495 2) 7683 3) 7892 $ 4) 8000 + $
Stop: -2.4%
Trade active:
1 target achieved, continue to hold position!
Trade active:
