🛢️ USOIL Preparing To Rise 🛢️

🛢️ USOIL Preparing To Rise

🛢️ Nearest strong support zone: around the fibo level 0.382 of the upward wave.

🛢️ Nearest strong resistance zone: around the fibo level 0.236 of the downward wave.

🛢️ Technical environment:

- Moving averages: 50/50

- MACD: Uptrend

- RSI: Uptrend

🛢️ Price Action: USOIL is again climbing in price going back around its local peaks established around $82.5. The price formation looks very pro-growth, it looks like a third upward wave after the second one that failed to break through the new lows. The upward trend can be expected to continue in the coming weeks.

🛢️ The scenario I am playing out is a continuation of the upward trend to the area of resistance marked on the chart. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🛢️ Please do not suggest the path I have outlined with lines, this is just a hypothetical scenario.

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