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PEOPLE/USDT (Futures) Potential Upward Movement

PEOPLE/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 0.10907, 0.11459, 0.11895.

Key Support Levels: 0.08654, 0.08138, 0.07777.

1-Hr Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after finding buyers below the support level around the 0.08810 USDT mark. This could lead to a move higher in the coming hours.

PEOPLE/USDT (Futures) Medium-Term Trend: Bullish

15-Mins Time Frame:

On the lower time frame, the buyers succeeded to break the bullish flag to the upside and managed to break the previous high where a small consolidation phase is posted above the resistance. A lower correction could be seen before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 0.08776

TP 1 @ 0.10907

TP 2 @ 0.11459

Stop Loss @ 0.08046

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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