- Price is currently on its way to the completion of cup and handle pattern.
- Horizontal resistance at USD 7.164 is considered strong and valid given the fact that the level was tested multiple times.
- In the situation of a breakout from horizontal resistance, long-term objective price would be around USD 12.177 and if the price is unable to break this level, it is expected to return back down completing the handle.
Disclaimer: Not a buy/hold/sell call. #DYOR #TAYOR
- Horizontal resistance at USD 7.164 is considered strong and valid given the fact that the level was tested multiple times.
- In the situation of a breakout from horizontal resistance, long-term objective price would be around USD 12.177 and if the price is unable to break this level, it is expected to return back down completing the handle.
Disclaimer: Not a buy/hold/sell call. #DYOR #TAYOR