Pattern: Channel Up on 1D.
Signal: Buy as the price has so far found Support on the Higher Lows (bottom) trend-line of the Channel Up, while a Golden Cross (when the MA50 (blue trend-line) crosses above the MA200 (orange trend-line) has emerged. Also the 1D RSI is on a reversal formation similar to June 29.
Target: 1815 (just below the 0.5 Fibonacci retracement level, which was the Resistance during the July rebound) and if 1820 breaks then target extension at 1870 (just below the 1876 Resistance).
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Signal: Buy as the price has so far found Support on the Higher Lows (bottom) trend-line of the Channel Up, while a Golden Cross (when the MA50 (blue trend-line) crosses above the MA200 (orange trend-line) has emerged. Also the 1D RSI is on a reversal formation similar to June 29.
Target: 1815 (just below the 0.5 Fibonacci retracement level, which was the Resistance during the July rebound) and if 1820 breaks then target extension at 1870 (just below the 1876 Resistance).
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.