Fear & Greed Index: 49
Mid-term forecast (1-3 weeks):
While the price is below the 87 resistance, a resumption of an uptrend is expected. Aiming at 96.
If the support at 75 breaks, the short-term forecast - resumption of the downtrend - will be invalid.
We will close our open trades if the 75 mid-term level is broken.
Technical analysis:
A square forms on the daily chart between 75 and 86, started on May 26, 2021.
Today August 17, 2021 breaks 85-86 and is expected to rise to 96 according to technical analysis.
+ Trigger:
Trigger1= 85 - 86
+ Take Profits:
TP1=90
TP2=96
+ Stop:
Stop1=80 - 75
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Mid-term forecast (1-3 weeks):
While the price is below the 87 resistance, a resumption of an uptrend is expected. Aiming at 96.
If the support at 75 breaks, the short-term forecast - resumption of the downtrend - will be invalid.
We will close our open trades if the 75 mid-term level is broken.
Technical analysis:
A square forms on the daily chart between 75 and 86, started on May 26, 2021.
Today August 17, 2021 breaks 85-86 and is expected to rise to 96 according to technical analysis.
+ Trigger:
Trigger1= 85 - 86
+ Take Profits:
TP1=90
TP2=96
+ Stop:
Stop1=80 - 75
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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.
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.