Long and Short opportunities
Aggiornato
We highlighted the areas most likely to have a tradable reaction with low risk and high reward. The analysis is based on the confluence between fibs and former support and resistance levels.
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LINEAR SCALE
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Let's see if on the LOG scale this trend line will offer resistance.
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Incoming golden cross between the 50 daily MA and 100 daily MA. Historically, the cross above the 50 Daily MA has been quite a bullish event so a golden cross at such low values could be even more bullish.
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Strong reaction from the first buy zone but unfortunately it barely touched it so we didn't get the chance to fill all of our orders. Now that it has printed a higher high the second buy zone isn't valid anymore. Here is the updated chart with the new buy and sell zones:
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