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DERO long - target 2,4 USD

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Actual situation [/ b]

We have broken the S / R level between 1-1.14 USD.

We´ve broken the last downtrend resistance line - the red line - implies we are at the uptrend

We have risen up to S / R level 1,5 USD (2020 high) and above the line of uptrend resistance - the green line - implies we want to go higher

We successfully retested S / R level at 1 USD.

My personal view of future situtation [/ b]

Now I am expecting a retest of S / R level at 1,14 USD and then bounce to the upper side of the purple wedge.

After we fully break S / R level at 1,5 USD, we retest this level and we are prepared to fully go through the green resist line

When we break the upside line of the purple wedge, we are prepared to go to S / R level at 2,4 USD, which 2019 high.

I am expecting that this break will become when we cross the line of fib. circle.

After we reach this level, there is a possibility to go even further, or retracement and test S / R level at 1,5 USD, which is also 0,5 fib. level.
Nota
at 4h timeframe successfully retested support at 1,14 USD and go through the local downtrend resistance line
Dagangan ditutup: sasaran tercapai

Penafian

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