Monitor for Breakout
Trading above the 2-50-200 EMAs, it is on an uptrend.
It is not yet overbought.
We can monitor for a breakout at the major Resistance of 2.75.
It is also observed that it is now trading at the level of 0.618 of Fib Retracement.
A strong breakout is possible if it repeats the power moves in Dec 2021 & Jan 2023. We are also now moving into the year end / new year 2024 period.
It is not yet overbought.
We can monitor for a breakout at the major Resistance of 2.75.
It is also observed that it is now trading at the level of 0.618 of Fib Retracement.
A strong breakout is possible if it repeats the power moves in Dec 2021 & Jan 2023. We are also now moving into the year end / new year 2024 period.
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