Long

Alikze → ADA | Cup pattern formation

Updated

In time H8, a cup pattern is formed, the depth of which is more than 37% according to the structure, which in time D1 has a resistance in the supply area, and this break will have the ability to grow up to the specified area with support of 0.5860. Therefore, this break should happen soon for the specified target. The specified areas can be considered as profit limits.
🟩Sup:0.5860
⛳️Tp 1:0.6806
⛳️ Tp2 : 0.7826
⛳️ Tp3 :Red Box
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Note

After leaving the cup and pullback category, it reached the first target with the failure of the supply area, which is an important supply area. After fluctuations, it can continue to the next area.

Note

More than 27% growth from the green box area around resistance and the second target.
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Note

After touching the second target with a shadow to the support area of 0.5859, it made a good entry again. Currently, holding the support range of 0.6350 to 0.6840 for the supply area can be attractive.

alikze

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