BRFS has formed a H&S on the daily chart. All indicators pointing down and trend is down. Higher time frame charts suggest further declines. Lower time frame charts suggest small and short advances in the near future, so be patient. weekly Monthly
Predict that after the end of convergence, the price will move up. Stop loss 2% below the horizontal supporting line.
One more pivot in the daily chart and everything will be aligned
We are in a fresh upward trend , which set back to a important support zone . The market struggled to close above 17,25$. If the market closes above 17,25$ I would open a long position . The SL can be placed under the last low or the support zone .
This should be a very long term entry ... MACD Positive Divegence on the Daily chart ... Price broke the resistance at 48,25 ... Now let´s wait for a retracement to FIBO 61,8% to go LONG. Entry = 47,36 Target = 60,54
Long oportunity breaking the 55.40 level. target between 61 and 64.30