Hi All, my main 3 take-outs from this analysis are the following:
1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now.
2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying a pullback just at the neckline.
3- The target f this technical pattern should be at around 0.65$ and I strongly believe that it might reach this level soon, confirming the completion of another pattern, which would be a double bottom (with the two bottoms being the one of Dec 6th and Dec 15th
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now.
2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying a pullback just at the neckline.
3- The target f this technical pattern should be at around 0.65$ and I strongly believe that it might reach this level soon, confirming the completion of another pattern, which would be a double bottom (with the two bottoms being the one of Dec 6th and Dec 15th
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Opero sui mercati finanziari dal 2010 con approccio prevalentemente tecnico. Investitore Palantir dal 2022 e Analista Tecnico Certificato SIAT. Specializzato nel mercato azionario US e IT.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Opero sui mercati finanziari dal 2010 con approccio prevalentemente tecnico. Investitore Palantir dal 2022 e Analista Tecnico Certificato SIAT. Specializzato nel mercato azionario US e IT.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.