At the 2-hours chart pattern we see a momentum growth after finishing of three drives. It was expected that there should be a retracement movement to let the price consolidate before the 2nd wave. At the chart you can see ABCDE corrective movements and consolidation zone.
The price touched global support trend third time and bounced as usual. We also see a rebound from the moving average on the daily chart which is accompanied by the formation of an ascending triangle and bullish Technical indicators state
We recommend this position in the middle term (1-2 weeks)
Purchase only above the specified price
Sell targets:
0.00477 + 11%
0.00495 +15%
0.00513 + 19%
Stop-loss
0.0033900
The price touched global support trend third time and bounced as usual. We also see a rebound from the moving average on the daily chart which is accompanied by the formation of an ascending triangle and bullish Technical indicators state
We recommend this position in the middle term (1-2 weeks)
Purchase only above the specified price
Sell targets:
0.00477 + 11%
0.00495 +15%
0.00513 + 19%
Stop-loss
0.0033900
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