Following up on my call to go long on 25. of Jan (& Update of 1. Feb - to close or adjust stop loss).
The price is currently on the Fibbo retracement level 0.5.
What we want to see to confirm a long: Stoch - RSI crossing and a close above EMA 9
What we want to see to confirm a short: Breaking the current Fibbo level and RSI - SMA crossing & depending on the situation a break of the resistance area.
->Updates will follow
If you enjoy this analysis, thumbs up!
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🎯 About my posts: They are kept self-explanatory to avoid overcomplicating. Mostly price signals and trend analysis combined with chart patterns.
Disclaimer: This is not an investment advice
The price is currently on the Fibbo retracement level 0.5.
What we want to see to confirm a long: Stoch - RSI crossing and a close above EMA 9
What we want to see to confirm a short: Breaking the current Fibbo level and RSI - SMA crossing & depending on the situation a break of the resistance area.
->Updates will follow
If you enjoy this analysis, thumbs up!
________
🚀 Follow for daily posts
🎯 About my posts: They are kept self-explanatory to avoid overcomplicating. Mostly price signals and trend analysis combined with chart patterns.
Disclaimer: This is not an investment advice