It is clear that OP has formed a round bottom and is now approaching resistance at 0.83. With market volume still increasing, I expect OP to break this resistance soon.
In case OP rejects the resistance, I believe it won’t take long before a breakout occurs, as the price is reaching the end of the round bottom formation. I have already entered a buy position at this level.
This analysis is for reference only and should not be considered financial advice.
In case OP rejects the resistance, I believe it won’t take long before a breakout occurs, as the price is reaching the end of the round bottom formation. I have already entered a buy position at this level.
This analysis is for reference only and should not be considered financial advice.
Nota
Update 1OP has rejected resistance and pulled back. That’s not a major concern — in my view, it won’t take long before we see OP breaking out from its bottom range.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.