Long
#FEYE - Long targets 30$-35$ - Great flag pattern in progess
After moving into a flag from end of December 2020 to half March 2021, the price has been going sideways from March 15th, using 19$ as strong support area and 21.5$ as support.
Within this channel the price has rebounded on support with volume on Apr 29th and May 13th and in my pinion is going to attach the 21.5$ resistance again in few days.
In my personal opinion the price might break this resistance and re-enter the green ascending channel in order to attack the first bullish target of 30$ (this is the target given by the pole extension of the flag) and then to head to the second target of 35$.
The 35$ area is the area where the fibonacci expansions projection falls.
Nobody knows by when this might happen, but having no rush I wait, with patience, until these two technical targets are reached, making the two patterns complete!
Within this channel the price has rebounded on support with volume on Apr 29th and May 13th and in my pinion is going to attach the 21.5$ resistance again in few days.
In my personal opinion the price might break this resistance and re-enter the green ascending channel in order to attack the first bullish target of 30$ (this is the target given by the pole extension of the flag) and then to head to the second target of 35$.
The 35$ area is the area where the fibonacci expansions projection falls.
Nobody knows by when this might happen, but having no rush I wait, with patience, until these two technical targets are reached, making the two patterns complete!
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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.
Le mie analisi tecniche sono potenziate dal Forecaster Terminal di Forecaster.biz. Ottieni il 10% di sconto sul tuo abbonamento con il codice FRAMER10. Scopri di più cliccando su questo link:
forecaster.biz/y/FRAMER10?coupon=FRAMER10
forecaster.biz/y/FRAMER10?coupon=FRAMER10
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.