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FxWirePro- TRBUSD (Chart of the day)

Mon, 01 Jan 2024, 03:31 am UTC

Ichimoku Analysis (4-hour chart)

Tenken-Sen- $175.22

Kijun-Sen- $151.65

TRBUSD was one of the best performers this month.

Any daily close above $250 confirms further bullishness.

AAVEUSD was the best performer this month and surged nearly 250% from the low of $73.29. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $248 and is currently trading around $235.71.

The bullish invalidation can happen if the pair closes below $150. On the lower side, the near-term support is $200. Any break below targets $177/$150. Significant downtrend if it breaks $73.

The immediate resistance stands at around $250. Any breach above confirms a minor pullback. A jump to $270/$300 is possible. A surge past $300 will take BSV to $350.

It is good to buy on dips around $200 with SL around $175 for TP of $300.

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