ARB / TetherUSLong
Alikze »» ARB | Expanded flat modification
Updated
🔍 Technical analysis: Expanded flat modification
- It is moving in a downward channel in the weekly and daily time frame.
- The current corrective structure is completing a full 5-wave cycle.
- According to the structure, an expanded flat is being formed.
- This correction can enter an upward trend in the current area or a value lower in the range of 0.39 with the confirmation of the return, which can conquer and cross its previous major ceiling.
But in the short time frame of 12H, two behavioral scenarios can be considered to continue the process.
💎 Scenario 1: Keeping the green box, have a return to the neckline range.
💎 The second scenario: or if the green box area breaks, it will continue the downward correction to the range of 0.39.
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ARBUSDT
- It is moving in a downward channel in the weekly and daily time frame.
- The current corrective structure is completing a full 5-wave cycle.
- According to the structure, an expanded flat is being formed.
- This correction can enter an upward trend in the current area or a value lower in the range of 0.39 with the confirmation of the return, which can conquer and cross its previous major ceiling.
But in the short time frame of 12H, two behavioral scenarios can be considered to continue the process.
💎 Scenario 1: Keeping the green box, have a return to the neckline range.
💎 The second scenario: or if the green box area breaks, it will continue the downward correction to the range of 0.39.
»»»«««»»»«««»»»«««
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.
»»»«««»»»«««»»»«««
ARBUSDT Note
According to the uptrend in the 12H time frame, after supporting in the green box, it has experienced more than 17% growth so far. Note
According to the analysis presented in the short term, after moving up to the ceiling of the channel and encountering selling pressure, I expect the corrective path of the last log to extend to the 0.39 area after the break of the green box area, after which it is completed. , enter the upward cycle. Note
According to the latest update, after touching the bullish target in the channel ceiling area, it faced selling pressure and has moved towards the last corrective log target of wave five with the breaking of the green box. So far, more than 48% of the roof of the channel has been modified. Therefore, I expect it to enter the upward cycle after completion and confirmation at the bottom of the channel.
Note
According to the predicted short-term movement path, currently in the long-term trend, after the break of the channel, we can wait for the break of the swing and the supply zone to continue the long-term trend. Trade active
According to the trajectory, after hitting the ceiling of the descending channel and breaking the zone, it is currently in the Accumulation phase to break the supply zone, for a big bullish rally. Note
TP1.
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