S has been overall bullish trading within the rising channel marked in blue.
Currently, S is retesting the upper boundary of the channel and a key structure at $0.63.
For the bulls to stay in control and aim for the $1 round number, a break above $0.63 is needed.
In the meantime, if S retests the lower boundary of the blue channel and the $0.50 round number, we will be looking for trend-following long opportunities.
Currently, S is retesting the upper boundary of the channel and a key structure at $0.63.
For the bulls to stay in control and aim for the $1 round number, a break above $0.63 is needed.
In the meantime, if S retests the lower boundary of the blue channel and the $0.50 round number, we will be looking for trend-following long opportunities.
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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.
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.