SUPER/USDT 4HOUR UPDATE BY CRYPTOSANDERWelcome to this quick SUPER/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-SUPER/USDT tringle pattern conform and retest buy the green zone
Entry:-CMP and BUY THE GREEN ZONE
Target:- 30% to 40%
Stop loss:- 0.6298
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
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Superforex
A steep diveThe pair continues its downward movement amid the strengthening of the dollar. Now on the chart we can observe that technical indicators continue to be in the oversold zone.
Also, our pair does not stay near any resistance levels. The descending impulse is very strong and the quotation has fallen to the level of January of this year.
So we advise to stand on short positions. At the moment, the signals for correction should be expected from technical indicators, because the downward momentum is strong enough.
The pair forms a downtrendWe have a downward trend in our pair. The dollar index continues its growth and the reserve currency continues to strengthen against the basket of major currencies.
At the moment, after forming of the "head and shoulders" figure, quotations continue to decline. Technical indicators also indicate a "sale."
Because of that at the moment we are considering entry options for short positions. The target level is 1.38