The price is moving within a descending channel pattern on the 4-hour frame and is expected to break upwards after it has adhered to it to a large extent
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 4.86
We have a trend to stabilize above the moving average 100 which supports the rise
Entry price 4.80 First target 5.68 Second target 6.28 Third target 7.10
Trade active
First target 5.68 Reached
Second target 6.28 Reached
Trade closed: target reached
First target 5.68 Reached
Second target 6.28 Reached
Third target 7.10 Reached
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