If the resistance Zone 63.5-65$ cpuld bombed away, the midterm target @ 71 $ can be aimed.
Prices above 71$ can be seen as a longterm Buying-Signal
Prices below 58.5$ will perhaps cause a fast dip of the former low @ 51-52$
Several positions are thinkable:
-Anticyclical Shortterm Short: Entry now (~63,4$) SL=65,55$/TP 59$)
Cyclical shortterm lon: Entry 64$ /SL 58.5/TP 71
--> Cyclical longposition above 71$ /SL 67.5$/TP 83-86$
Cyclical Shortposition: Entry 58$/SL 60.5$/TP 51-52$
Good luck
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Prices above 71$ can be seen as a longterm Buying-Signal
Prices below 58.5$ will perhaps cause a fast dip of the former low @ 51-52$
Several positions are thinkable:
-Anticyclical Shortterm Short: Entry now (~63,4$) SL=65,55$/TP 59$)
Cyclical shortterm lon: Entry 64$ /SL 58.5/TP 71
--> Cyclical longposition above 71$ /SL 67.5$/TP 83-86$
Cyclical Shortposition: Entry 58$/SL 60.5$/TP 51-52$
Good luck
If you like it -please like it :-9
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.