Price action is at the bottom of this uptrend channel approaching a horizontal support and trendlines. Macd has also crossed neutral, so maybe this is a huge % move sleeping in the dark. Alongside this, there are multiple horizontal levels that give us good areas to take profit, and create a defined stoploss below our support zone. Fibonacci retracement also support the idea with the retracement being in that key .5-.382 area.
If you liked this analysis, you can check out our discord for free strategies and a buzzing community, link below!!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.