Signals:
Entry price: 25,77
Target price: 32,62
Stop loss: 24,57
Indicators:
Keltner channel - price moved down to the lower boundary of the channel.
RSI reaches lower levels which suggests oversold conditions
ADX is a little bit above the 20.
-DI crossed over +DI and the space between them is wide.
Conclusion:
The entry price is at the support of one of the Fibbonacci retracement level. RSI was approaching the oversold area and now is going up - people have started to buy the asset. The ADX is increasing from the 20 level. The -DI is starting to decrease and is above the +DI which indicates the buy signal. The long position is recommended.
no financial advice
Entry price: 25,77
Target price: 32,62
Stop loss: 24,57
Indicators:
Keltner channel - price moved down to the lower boundary of the channel.
RSI reaches lower levels which suggests oversold conditions
ADX is a little bit above the 20.
-DI crossed over +DI and the space between them is wide.
Conclusion:
The entry price is at the support of one of the Fibbonacci retracement level. RSI was approaching the oversold area and now is going up - people have started to buy the asset. The ADX is increasing from the 20 level. The -DI is starting to decrease and is above the +DI which indicates the buy signal. The long position is recommended.
no financial advice
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