The market remains in the uptrend on the Daily timeframe. The market has been in the deep correction for the last few days. The price hit the support level with the borders of $4.18 – $3.95 and the pullback was formed.
A pullback buying opportunity was formed since the bullish candle was closed around this price level. The target for the bullish movement continuation is the resistance level with the borders of $5.97 – $6.20 formed on August 10 – 14.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of July 31 – August 4.
A pullback buying opportunity was formed since the bullish candle was closed around this price level. The target for the bullish movement continuation is the resistance level with the borders of $5.97 – $6.20 formed on August 10 – 14.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of July 31 – August 4.