We’re seeing a major downtrend line forming since July 29th.
A breakout from this trendline could trigger a solid price pump.
There are also reversion zones overhead that might get filled during the breakout.
Reversion zones:
1st zone: 59.328
2nd zone: 61.624
👀 Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
A breakout from this trendline could trigger a solid price pump.
There are also reversion zones overhead that might get filled during the breakout.
Reversion zones:
1st zone: 59.328
2nd zone: 61.624
👀 Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
Trade active
We're seeing a minor pullback, but there's still room for a breakout soon.Trade active
⚡️ The first reversion zone at 59.328 is completely filled, I expect the second zone to fill at 61.624.💥 There is also a breakdown of the trend line
Trade closed: target reached
✅ All reversion zones are completely filled, the scenario breakdown of the trend line completed!
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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.
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.