The weekly chart shows a FALSE BEAR FLAG which usually suggest that once the channel is broken upwards, a sharp move will occur.
The resistance is around $ 1,110 and the objective of the break will be $ 1,250. The lower side of the channel is $ 830.
Medium-term I suggest buying $ 950-1,050 for the profit objective of $ 1,250.00.
Stop loss perhaps a financial one.
The resistance is around $ 1,110 and the objective of the break will be $ 1,250. The lower side of the channel is $ 830.
Medium-term I suggest buying $ 950-1,050 for the profit objective of $ 1,250.00.
Stop loss perhaps a financial one.
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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.