The resistance level with the upper border of $15.02 was broken on the Daily price chart on September 3. The trend is bullish now and the correction wave develops.
A pullback buying opportunity will appear after the correction completion on the Daily timeframe.
The highs of September 3 – 5 will be the target for the bullish movement continuation after the correction is finished.
In case of successful development of the trend, a more distant target will be on the highs of August 12 – 15, where the next resistance is located with the borders of $19.23 – $19,90.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 26 – 30. The borders of this support are $13.0 – $13.15.
A pullback buying opportunity will appear after the correction completion on the Daily timeframe.
The highs of September 3 – 5 will be the target for the bullish movement continuation after the correction is finished.
In case of successful development of the trend, a more distant target will be on the highs of August 12 – 15, where the next resistance is located with the borders of $19.23 – $19,90.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 26 – 30. The borders of this support are $13.0 – $13.15.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.