There seems to be a a cup and handle formation and the price broke out of the handle today. Can also be seen as a bullish flag formation.
The candlestick is a long legged doji, which is long upper and lower wick and small real body.This candlestick shows some indecision about where the price will go.
Overall the trend is bullish, and price might retest the breakout level of the handle before going up more. This would be a safer entry.
Short term TP1: 22.84 ( previous resistance)
Medium to Long term TP2: 28.87 (length of flag pole added to breakout price)
Medium to Long term TP3: 32.73 (price measured from the bottom of cup to top of cup and added to breakout price)
The candlestick is a long legged doji, which is long upper and lower wick and small real body.This candlestick shows some indecision about where the price will go.
Overall the trend is bullish, and price might retest the breakout level of the handle before going up more. This would be a safer entry.
Short term TP1: 22.84 ( previous resistance)
Medium to Long term TP2: 28.87 (length of flag pole added to breakout price)
Medium to Long term TP3: 32.73 (price measured from the bottom of cup to top of cup and added to breakout price)