On the log scale this is clear. This may lead to retesting ATH.
In just a matter of hours or days, we are going to see a significant movement. Trade with caution.
This will culminate in a massive explosion or increase. Classic bullish uptrend.
MACD looking bearish on the weekly. USOIL will find support at 20USD. From the last analysis, 40USD was mentioned as a strong resistance during the uptrend and this has been confirmed. Trade with caution using stoploss. Dont forget to *like*.
On the daily chart. Our target is 0.5 as we buy from this level. RSI oversold. Observe the swing has been on since time=0. Sell when overbought or at 0.5 in less than two months from now.
In my previous analysis, 0.02 was identified as the last point before reversal of the downtrend. This has turned out to be so. Breakdown of the current uptrend line may signal reversal on the short term
0.02 will be the final major line before being bullish. This is similar to BTTUSDT.
Retesting after a breakout, BTTUSDT is expected to rise over the coming weeks.