SNXUSD - BULLISH PATTERN - 5TH APRIL 2021
SNXUSD
Breakout from the falling wedge, finding support at previous resistance trendline.
Reasons to be bullish
1) MACD green
2) RSI above 50
3) Breakout pattern of falling wedge
4) Resistance flip to support
5) Above 20MA, 100MA and 200MA
6) Support were found at 0.5 fib area, forming a strong support after the correction from previous pump, indicating further continuation of price pumping.
First level of resistance will be located at USD 41 at 1 fib area. If this section is broken then next resistance will be at USD 51 (1.382 fib) and USD 58 (1.618 fib)
Hold it to the moon guys !!!!
Breakout from the falling wedge, finding support at previous resistance trendline.
Reasons to be bullish
1) MACD green
2) RSI above 50
3) Breakout pattern of falling wedge
4) Resistance flip to support
5) Above 20MA, 100MA and 200MA
6) Support were found at 0.5 fib area, forming a strong support after the correction from previous pump, indicating further continuation of price pumping.
First level of resistance will be located at USD 41 at 1 fib area. If this section is broken then next resistance will be at USD 51 (1.382 fib) and USD 58 (1.618 fib)
Hold it to the moon guys !!!!
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