30% profit in case of formation of an upward trend
Yesterday, fortunately, with a suitable volume, the downtrend line was broken and we saw a pullback to it in the four-hour time frame.
Due to the formation of a new uptrend, I pulled a TREND-Based Fib at the beginning of the trend and as it can be seen in the picture, it worked well. Due to the formation of Doji on the support of 1 Fibo and the good support of the trend line, I expect the resumption of the uptrend and the most important resistance along the trend of $ 2, which is the resistance of Rand number and 1.618 Fibo Nachi, and in case of failure 2.3 I consider $ and $ 2.8 to be the most important resistances.
In the daily timeframe, we also had a continuous Wedge that broke, and I expect the price to increase as much as the norm, which is exactly $ 2.8.
Due to the formation of a new uptrend, I pulled a TREND-Based Fib at the beginning of the trend and as it can be seen in the picture, it worked well. Due to the formation of Doji on the support of 1 Fibo and the good support of the trend line, I expect the resumption of the uptrend and the most important resistance along the trend of $ 2, which is the resistance of Rand number and 1.618 Fibo Nachi, and in case of failure 2.3 I consider $ and $ 2.8 to be the most important resistances.
In the daily timeframe, we also had a continuous Wedge that broke, and I expect the price to increase as much as the norm, which is exactly $ 2.8.
