Decided to update the idea. As always, key support and resistance levels are marked on the chart — along with price reactions at those zones.
Currently, we’re observing a potential breakout from a bull flag formation. The mid-term target lies in the $2.3 – $3.4 range, with a possible extension up to $4.8 as a maximum target.
⚠️ Don’t forget: there’s still a chance we get a retest of the bull flag — around the $0.64 level — before any major move to the upside. Manage your entries accordingly
Currently, we’re observing a potential breakout from a bull flag formation. The mid-term target lies in the $2.3 – $3.4 range, with a possible extension up to $4.8 as a maximum target.
⚠️ Don’t forget: there’s still a chance we get a retest of the bull flag — around the $0.64 level — before any major move to the upside. Manage your entries accordingly
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.