HEXUSD crossed over both the 2 month Falling Wedge pattern, as well as the MA50 (1d).
This is a clear bullish signal for the long term but the short term is still limited by the MA100 (1d), which is unbroken since May 11th.
Trading Plan:
1. Buy after the price crosses over the MA100 (1d).
Targets:
1. 0.011800 (Resistance 1).
Tips:
1. The RSI (1d) turned quickly overbought over the 70.00 level. That potentially indicates that unless the MA100 (1d) breaks, the market needs a relief pull back or consolidation until those levels get neutral again.
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This is a clear bullish signal for the long term but the short term is still limited by the MA100 (1d), which is unbroken since May 11th.
Trading Plan:
1. Buy after the price crosses over the MA100 (1d).
Targets:
1. 0.011800 (Resistance 1).
Tips:
1. The RSI (1d) turned quickly overbought over the 70.00 level. That potentially indicates that unless the MA100 (1d) breaks, the market needs a relief pull back or consolidation until those levels get neutral again.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰