short term consolidation...what is next?
Updated
Hi everyone
price is moving neutral and has formed a symmetrical triangle.
so more consolidation in short term is expected. and both side still possible
based on our condition we can have 2 possibilities:
-price will close below our support level 18560$ and drop to our main demand
area between 17150$ & 16200$.... more drop possible too
- or price will close above the resistant level 20400$ and rise to our main supply
area between 22650$ & 23700$.
you can share your view and charts here.... what do you think?
Enjoy the market
price is moving neutral and has formed a symmetrical triangle.
so more consolidation in short term is expected. and both side still possible
based on our condition we can have 2 possibilities:
-price will close below our support level 18560$ and drop to our main demand
area between 17150$ & 16200$.... more drop possible too
- or price will close above the resistant level 20400$ and rise to our main supply
area between 22650$ & 23700$.
you can share your view and charts here.... what do you think?
Enjoy the market
Trade active
still same condition validate and both side possibleTrade active
impulsive move after the price broke my key resistant levelnow the price is forming a bullish flag and we can expect more upward pressure the area I mentioned before.
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