Technical Analysis:
-Accumulation pattern in the equilibrium zone
-Detected behavior pattern (bounces off the standard Ichimoku Cloud on the daily chart and MACD crossovers, which tend to indicate inflection points)
-Harmony
-Momentum
The trend is overextended, so the target is modest ($94). I would dismiss this analysis if it weren't for the fact that assets with momentum tend to give trend continuation reactions before changing their structure.
-Accumulation pattern in the equilibrium zone
-Detected behavior pattern (bounces off the standard Ichimoku Cloud on the daily chart and MACD crossovers, which tend to indicate inflection points)
-Harmony
-Momentum
The trend is overextended, so the target is modest ($94). I would dismiss this analysis if it weren't for the fact that assets with momentum tend to give trend continuation reactions before changing their structure.
Trade closed: target reached
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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.