Hey guys today i'm going analysis SIB/USD pair in weekly time frame
1)We have bearish rectangle since 2019, and price tried 2 time breakout from $0.13 resistance level and failed.
2)We have also strong support level at $0.008 level, and after 3 touch from support level price sky rocket in to resistance level and now fighting to breakout from $0.13 resistance level.
4)We can see bulls trying to breakout from $0.13 level,but bears again don't allow bulls to breakout $0.13 level, but bears can't push price down, because bulls have strong volume now.
5)This huge volume mean, bulls now controlling situation,and bears soon will be REKT,and price will breakout $0.13 level and hit $3 target.
If you like my idea like and subscribe)))
1)We have bearish rectangle since 2019, and price tried 2 time breakout from $0.13 resistance level and failed.
2)We have also strong support level at $0.008 level, and after 3 touch from support level price sky rocket in to resistance level and now fighting to breakout from $0.13 resistance level.
4)We can see bulls trying to breakout from $0.13 level,but bears again don't allow bulls to breakout $0.13 level, but bears can't push price down, because bulls have strong volume now.
5)This huge volume mean, bulls now controlling situation,and bears soon will be REKT,and price will breakout $0.13 level and hit $3 target.
If you like my idea like and subscribe)))