Bullish Momentum: Migi Analysis Update
Historical Pattern:
Back in January 2021, MIGI showed a bullish move when the weekly candle went above the Bollinger Band, and RSI was above 50, resulting in a 300% gain over 21 days.
This week's candle is currently above the Bollinger Band, and the RSI is also above 50, suggesting a potential bullish move.
Fibonacci Levels:
Using Fibonacci retracement from the high in August 2021 to the lows of August 2023.
Golden pocket levels to watch: 64.35, 73.11, and 81.87.
Estimation:
Considering historical patterns and current indicators, there's potential for a bullish run.
Watch for confirmation from the current week's candlestick and keep an eye on potential resistance around the Fibonacci levels.
Tips:
Stay updated on market news.
Consider other indicators for confirmation.
Practice proper risk management.
Back in January 2021, MIGI showed a bullish move when the weekly candle went above the Bollinger Band, and RSI was above 50, resulting in a 300% gain over 21 days.
This week's candle is currently above the Bollinger Band, and the RSI is also above 50, suggesting a potential bullish move.
Fibonacci Levels:
Using Fibonacci retracement from the high in August 2021 to the lows of August 2023.
Golden pocket levels to watch: 64.35, 73.11, and 81.87.
Estimation:
Considering historical patterns and current indicators, there's potential for a bullish run.
Watch for confirmation from the current week's candlestick and keep an eye on potential resistance around the Fibonacci levels.
Tips:
Stay updated on market news.
Consider other indicators for confirmation.
Practice proper risk management.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.