skrimon
Active Member
(Chart 1. Daily timeframe. Resistance breakdown and bullish indicators)
On the global chart, the price breaks through the resistance, which indicates the potential to accelerate growth. The targets that the price is aiming for are 1.2280, 1.2660, and 1.32800. I expect the price fixation above the trend line and the subsequent upward impulse
The price gets support in the form of MA-50 (daily), and indicators RSI and MACD are in a bullish trend.
On the 4h chart, the price has crossed the resistance at 1.17322 and broke through the upper boundary of the channel. After gaining a foothold in the long zone, more rapid growth may follow. The short-term target is resistance at 1.21424, the medium-term target is resistance at 1.22932.
