Gelloxms
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since May 8, 2020
supportandresistance
triangle
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1DLong
After we saw the golden cross, the chart is squeezing up in a bullish triangle. After a daily close over 35,5 Euros, we have plenty of room for an upward move. My target is 40 Euros.
5
We are close to a new ATH here. If we break 74 Euros i see upward potential to around 87 Euros. Since we are way over the 50 EMA daily, it can take a few more days to cool down.
4
If the H4 closes over 114.92 the way is free to 123€ - 126€. And from there it is not far to a new ATH.
4
In my opinion we will very soon see an outbreak in the direction of 7 Euros. My ideas is to go long at the breakout over 5,5 euro, than a fast gain of up to 25 % is possible. I would like to hear your opinion. Best regards.
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