Expanse coin found a strong ground at $1.5, rejecting it for multiple times throughout the past few months. Now after breaking the downtrend trendline, it has started to show some potential and perhaps it is ready to expand.
Two Fibonacci applied to the corrective wave after the two trendline breakouts show that the resistance is near $4.5, which is very close to the all-time high produced on the 10th of June. This level should act as a first upside target, although further growth can be expected, although depending on whether the $4.5 area will be rejected or broken. Only a break below the $1.5 support could invalidate bullish outlook.
Two Fibonacci applied to the corrective wave after the two trendline breakouts show that the resistance is near $4.5, which is very close to the all-time high produced on the 10th of June. This level should act as a first upside target, although further growth can be expected, although depending on whether the $4.5 area will be rejected or broken. Only a break below the $1.5 support could invalidate bullish outlook.
コメント:
Looking good, broke above the resistance, moving towards the target
トレード終了: 利益確定目標に到達:
The target now should act as support pushing it higher
コメント:
Strong resistance at $6.3
📱 Telegram: t.me/tradexcel