Zooming out to the bigger picture, we can see that we are approaching a strong support level around 18.60 (green zone), with bearish RSI divergence.
There is a high probability that this zone will serve as a catalyst for USD strength, at list in the short term.
Initial targets would be:
minor blue resistance zone around 19.20
major gray resistance zone around 19.75
I will be watching for reversal patterns in smaller timeframes after a test of green support.
There is a high probability that this zone will serve as a catalyst for USD strength, at list in the short term.
Initial targets would be:
minor blue resistance zone around 19.20
major gray resistance zone around 19.75
I will be watching for reversal patterns in smaller timeframes after a test of green support.
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📈 Experienced Crypto trader
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🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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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.