Daily Chart Explanation: - Price broke the Ascending Channel. - Price is currently on a Pullback to the Ascending Channel. - Bearish Divergence on MACD. - If price starts going down in 7746, potential to move down towards the Support Zone at 5925. Our Weekly Vision supports this Short Idea. Check it out! Weekly Vision: Updates coming soon!
4H Chart Explanation: - Price broke the Daily Ascending Trendline. - Price is, currently, against the Support Zone. - Bullish Divergence on MACD. - Two possible ways now: a) go up to retest the Resistance Level (Bullish Divergence on MACD supports this idea). b) continue the trend after breaking the Daily Ascending Trendline and go down towards...
Daily Chart Explanation: - Price broke the Ascending Channel in which it was in since 2017. - Price may have potential to go down towards the Support Zones. Weekly Vision: However, we found out that the Weekly Ascending Trendline have not been broken yet. That why we are waiting for a confirmation before taking long term positions. UPDATES COMING SOON!
1H Chart Explanation: - Price broke the Descending Channel and is currently on an Ascending Trendline, against the Resistance Zone. - Bearish Divergence on MACD. - If price breaks the Ascending Trendline, potential to move down towards the Support Zone. Check out our previous Analysis on the Related Ideas. Updates coming soon!!!