Priceline of Metal / Bitcoin is moving within a wedge and hitting the wedge's support.
This support should be used as stop loss.
The price action has hit the strong support of 100 simple moving average and likely to fail breakdown this support.
Volume profile is showing less interest of traders here.
Stochastic has given bull cross from oversold.
MACD is turning bullish .
RSI is already oversold.
I have used Fibonacci sequence to set the targets:
Sell between: 0.00005284 to 0.00005870
Regards,
Atif Akbar (moon333)
This support should be used as stop loss.
The price action has hit the strong support of 100 simple moving average and likely to fail breakdown this support.
Volume profile is showing less interest of traders here.
Stochastic has given bull cross from oversold.
MACD is turning bullish .
RSI is already oversold.
I have used Fibonacci sequence to set the targets:
Sell between: 0.00005284 to 0.00005870
Regards,
Atif Akbar (moon333)
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