ARDR / ETH Fractal. Horizontal channel. Triangle. The trend
Updated
Downtrend. The price broke through the support of the former horizontal channel. On a small scale, a symmetrical triangle has formed under the line of the local downtrend. If it is broken up, then it is quite possible to work out a fractal. Last time in a similar situation, the price increase was + 60%.
It is also worth noting that we are near the downtrend of the main trend, if its price breaks and fixes above it, there will be a reversal of the main trend.
ENTRANCE
1) Entrance to a breakthrough or pullback after breaking through a symmetrical triangle and a line of a local downtrend.
2) Entrance at price fixing above the line of the main downtrend.
3) Entrance from the bottom of a new potential channel, if the price is currently continuing downward movement.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
TARGET
Points (pivot zones), all levels on the chart.
Larger scale of the local price reversal zone.
ARDR / BTC Trading Idea
ARDR Channel. Reversal zones. Risk / Profit 1: 5
It is also worth noting that we are near the downtrend of the main trend, if its price breaks and fixes above it, there will be a reversal of the main trend.
ENTRANCE
1) Entrance to a breakthrough or pullback after breaking through a symmetrical triangle and a line of a local downtrend.
2) Entrance at price fixing above the line of the main downtrend.
3) Entrance from the bottom of a new potential channel, if the price is currently continuing downward movement.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
TARGET
Points (pivot zones), all levels on the chart.
Larger scale of the local price reversal zone.
ARDR / BTC Trading Idea
ARDR Channel. Reversal zones. Risk / Profit 1: 5
Note
Trade closed: target reached
The target for the main downtrend is taken. Profit + 27%
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