VIDTBUSD - FINDING SUPPORT & PREPARE TO THE MOON??
VIDTBUSD
Finding support at 0.618 fib area around USD 1.21
Currently previous resistance flipped into support
Forming a falling wedge bullish pattern
Bouncing from 0.618 fib area
Reasons to be bullish
1) MACD daily green - 4 hours still showing red 2) Above 50MA and 100MA 3) Previous resistance turned in support 4) RSI > 50 at daily TF, seems like finding good support here 5) Price found great support at 4hours TF 200 MA 6) Forming a bullish descending triangle pattern and falling wedge.
Overall trend is still bullish, expecting bounce from the support to the next resistance
First level of resistance: USD 1.5 Second level of resistance : USD 1.69 Third level of resistance : USD USD 1.98 Forth level of resistance: USD 2.27 Last level of resistance: USD 2.45
Analysis will be invalided if the price broken below 0.618 level.
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.