Historic:
08/18/2021 (dd-mm-yy)
Fear & Greed Index: 37
Mid-term forecast (1-3 weeks):
If price breaks the 158-159 resistance, a resumption of a strong uptrend is expected.
Aiming at 163.
If the support at 153-154 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 153 level is broken in the medium term.
Technical analysis:
A triangle forms on the daily chart between 158 and 153, starting on July 27, 2021.
Today August 18, 2021 it can break 157-158 and is expected to rise to 163 according to technical analysis and confirmation of the pattern.
+ Trigger:
Trigger1= 157-158-159
+ Take Profits:
TP1=163
+ Stop:
Stop1=153
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08/18/2021 (dd-mm-yy)
Fear & Greed Index: 37
Mid-term forecast (1-3 weeks):
If price breaks the 158-159 resistance, a resumption of a strong uptrend is expected.
Aiming at 163.
If the support at 153-154 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 153 level is broken in the medium term.
Technical analysis:
A triangle forms on the daily chart between 158 and 153, starting on July 27, 2021.
Today August 18, 2021 it can break 157-158 and is expected to rise to 163 according to technical analysis and confirmation of the pattern.
+ Trigger:
Trigger1= 157-158-159
+ Take Profits:
TP1=163
+ Stop:
Stop1=153
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!