$HIGH

Current price: The currency is currently trading at $1.480, achieving a very nice increase of +6.40% during the past 24 hours, which reflects great interest from traders.

General trend: Moving averages (EMA) indicate that the currency is currently in an upward trend, especially with EMA(7) outperforming EMA(25) and EMA(99).

Technical indicators:

RSI: At 50.99, meaning the market is in a state of balance between buying and selling.

MACD: Close to zero, which means that the momentum is still a little weak and needs confirmation.

KDJ: There is a slight weakness in the buying momentum currently, but the general trend is still stable.

Wm%R: In the middle range at -58.82, meaning there is neither overbought nor oversold.

Volume: Daily volume reached $3.03 million, which could be a sign of a big move coming if the momentum continues.

Levels to focus on:

Major resistance: $1,500, if the price breaks this level steadily, we could see a strong rise.

Major support: $1,387, a level to consider if a correction occurs.

Recommendation:

If the price breaks $1,500 with a large volume and a candle closes above this level, this would be an excellent buying opportunity.

Leave the stop loss at $1,470 and target profits between $1,520 - $1,550.

Will HIGH break the resistance and fly higher? Follow with caution, the opportunity could be very close!

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