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Price got lost the mid line of the ascending channel and also confirmed the rising wedge. Now it's going to retest the lower boundary of the ascending channel and if there is a confirmed retracement we can go long.
Second scenario is more extreme. The final target for the wedge is 6350$ horizontal support and we can consider to long after confirmed retracement. However in this case we should be more careful as it will be a lower low and the breakout of the Ascending channel
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
Price got lost the mid line of the ascending channel and also confirmed the rising wedge. Now it's going to retest the lower boundary of the ascending channel and if there is a confirmed retracement we can go long.
Second scenario is more extreme. The final target for the wedge is 6350$ horizontal support and we can consider to long after confirmed retracement. However in this case we should be more careful as it will be a lower low and the breakout of the Ascending channel
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
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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.