🔍 Technical analysis: Formation of the valley pattern - 4H
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AIXBTUSDT currency is moving in an ascending channel on the 4-hour time frame, which is currently in the supply zone and the middle of the ascending channel.
🟢From a classical perspective, a valley has formed that can break the current supply zone in the green box area by removing liquidity under the previous leg and grow to the next supply zone.
💎Second scenario: The current supply zone break, depending on the number and frequency of hits to the supply level, can break it and continue its growth to the next supply zone, which is also the ceiling of the ascending channel, and then encounter a correction that, after a pullback to the previous supply zone, continues its path to the next target.
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📣
AIXBTUSDT currency is moving in an ascending channel on the 4-hour time frame, which is currently in the supply zone and the middle of the ascending channel.🟢From a classical perspective, a valley has formed that can break the current supply zone in the green box area by removing liquidity under the previous leg and grow to the next supply zone.
💎Second scenario: The current supply zone break, depending on the number and frequency of hits to the supply level, can break it and continue its growth to the next supply zone, which is also the ceiling of the ascending channel, and then encounter a correction that, after a pullback to the previous supply zone, continues its path to the next target.
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.