Largo
Strat long term Chart analysis
-A nice rounded bottom chart seen as the cup and handle formation comes in for a possible bullish trend confirmed by the new uptrend formed by the second part of the handle.
-Volume seams to have significantly increased.
-MACD indicates a short correction and also an increase in momentum
-If the candles break bellow trend line it would be expected to bounce at the support 1 61.8 Fibonacci line which is also a strongly tested support level.
-Further correction would see the charts move towards the second support and possibly a massive swing up.
Note:
-check for mote information Fundamental and Sentimental analysis to support finding before proceeding.
Do comment your thoughts and questions, Thank you.
-Volume seams to have significantly increased.
-MACD indicates a short correction and also an increase in momentum
-If the candles break bellow trend line it would be expected to bounce at the support 1 61.8 Fibonacci line which is also a strongly tested support level.
-Further correction would see the charts move towards the second support and possibly a massive swing up.
Note:
-check for mote information Fundamental and Sentimental analysis to support finding before proceeding.
Do comment your thoughts and questions, Thank you.
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La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.