Fear & Greed Index: 49
Mid-term forecast (1-3 weeks):
While the price is below the 87 resistance, a resumption of an uptrend is expected. Aiming at 96.
If the support at 75 breaks, the short-term forecast - resumption of the downtrend - will be invalid.
We will close our open trades if the 75 mid-term level is broken.
Technical analysis:
A square forms on the daily chart between 75 and 86, started on May 26, 2021.
Today August 17, 2021 breaks 85-86 and is expected to rise to 96 according to technical analysis.
+ Trigger:
Trigger1= 85 - 86
+ Take Profits:
TP1=90
TP2=96
+ Stop:
Stop1=80 - 75
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Mid-term forecast (1-3 weeks):
While the price is below the 87 resistance, a resumption of an uptrend is expected. Aiming at 96.
If the support at 75 breaks, the short-term forecast - resumption of the downtrend - will be invalid.
We will close our open trades if the 75 mid-term level is broken.
Technical analysis:
A square forms on the daily chart between 75 and 86, started on May 26, 2021.
Today August 17, 2021 breaks 85-86 and is expected to rise to 96 according to technical analysis.
+ Trigger:
Trigger1= 85 - 86
+ Take Profits:
TP1=90
TP2=96
+ Stop:
Stop1=80 - 75
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!