Ride the Wave: FARTUSD Targets $3 After Breaking Resistance

FARTUSD breaks significant resistance $1.65 after a long consolidation.It hits an intraday high of $1.6900 and is currently trading around $1.63790.

Short-term trend remains bullish as long as support $1.15 holds. It trades above the 55 and 34, 200 and 365  EMA on the 4-hour chart. Near-term support is around $1.50; any close below targets $1.23/$1.15/$1.  If the pair closes below $1, it potentially leads to further declines towards $0.79/$0.60.

Immediate Resistance is at $1.70.Any breakout above this resistance confirms bullish momentum and a jump towards $2/$2.48/$3.

Indicators (4-hour Chart)

Directional Movement Index: Bullish

CCI (50):  Bullish

Trading Strategy

It is good to buy on dips around $1.50 with a stop-loss set at $1 and a target price of $3.