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Strategy: Inverted Head and Shoulder spotted
Bias: Bullish . Significant volume kicked in today and breakout the box consolidation zone at the price of 0.250, which is also the previous high since Novemeber 2019. This is the 2nd long green bar after the price hit its bottom at 0.210. If the momentum continue, the price shall break its immediate resistance 0.265 and challenge next resistance at 0.285 soon.
If we see from the chart pattern, a small inverted head and shoulder pattern was spotted. Hence, the price shall be in positive movement in the near term if momentum sustained.
R: 0.265, 0.285
S: 0.250, 0.255
If you find this idea helpful, do not hesitate to drop us a like and comment! Happy trading! :)
Strategy: Inverted Head and Shoulder spotted
Bias: Bullish . Significant volume kicked in today and breakout the box consolidation zone at the price of 0.250, which is also the previous high since Novemeber 2019. This is the 2nd long green bar after the price hit its bottom at 0.210. If the momentum continue, the price shall break its immediate resistance 0.265 and challenge next resistance at 0.285 soon.
If we see from the chart pattern, a small inverted head and shoulder pattern was spotted. Hence, the price shall be in positive movement in the near term if momentum sustained.
R: 0.265, 0.285
S: 0.250, 0.255
If you find this idea helpful, do not hesitate to drop us a like and comment! Happy trading! :)
Nota
Support is RM0.250 and RM0.235 Thanks for following us :)
Trade chiuso: obiettivo raggiunto
RM0.265 target reached in one day! Hit fibo 0.618 resistance RM0.275 accurately too. Congrats everyone who followed and profited! :)
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.