#CYBER/USDT#CYBER
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 1.46.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 1.52
First target: 1.587
Second target: 1.67
Third target: 1.67
Cybertron
Sell NZDUSD (4H)in 4H chart:
top of the bearish parallel channel
pullback to broken support zone
61.8% fibo retracement
hidden divergence in RSI indicator
> Sell
Entry : 0.6705
-Stop : 0.6745 (40 pips)
-TP1- : 0.6605 (100 pips)
-TP2- : 0.6505 (200 pips)
in daily chart:
pullback to broken area and support level
38.2% fibo retracement
Sell USDJPY (4H & Daily)in 4H chart:
broken parallel channel (green color)
no new swing high after touching 61.8% fibo and bottom of the parallel channel
> Sell
Entry : 111.52 (Now)
-Stop : 111.92 (40 pips)
-TP1- : 111.00 (52 pips)
-TP2- : 109.80 (172 pips)
in daily chart:
broken parallel channel (Blue color)
Buy XAUUSD (Daily & 4H)in Daily chart:
Support level at 1258-1266
61.8% fibo retracement
> Buy
Entry : 1272.5 (Now) or 50% retracement of engulfing candle at 1270.0
-Stop : 1263.5 (65 pips)
-TP1- : 1285.0 (150 pips)
-TP2- : 1307.0 (370 pips)
-TP3- : 1324.0 (540 pips)
in weekly chart:
Uptrend line
Support level
in 4H chart:
bottom of the bearish parallel channel
Divergence in RSI indicator
1.414 & 1.618% fibo extension of 1281 to 1310 (last bullish wave)
Bullish engulfing candle