It is clear that OP has formed a round bottom and is now approaching resistance at 0.83. With market volume still increasing, I expect OP to break this resistance soon.
In case OP rejects the resistance, I believe it won’t take long before a breakout occurs, as the price is reaching the end of the round bottom formation. I have already entered a buy position at this level.
This analysis is for reference only and should not be considered financial advice.
In case OP rejects the resistance, I believe it won’t take long before a breakout occurs, as the price is reaching the end of the round bottom formation. I have already entered a buy position at this level.
This analysis is for reference only and should not be considered financial advice.
Nota
Update 1OP has rejected resistance and pulled back. That’s not a major concern — in my view, it won’t take long before we see OP breaking out from its bottom range.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.