There is a correction on the weekly chart. The movement within the candlestick is limited by its local maximum of 11.824 USDT. There is strong support from past candle low at 11.376 USDT
small timeframe shows an exit from the triangle. The breakout is likely to be false. Growth is limited within a today to 11700 USDT.
The current day's scenario is shown within a purple box.
There is a high probability of a pullback to the 11,400 USDT area in the coming days.
Note
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Note
As I said, the breakout of the triangle was a fake. The price returned to the pattern area. Now we can talk about the cancellation of the intraday bullish scenario. Until the end of the day, most likely we will lead away the consolidation with attempts to update the lows. The updated scenario of the presented day in the presented purple box.My TG blog t.me/techhypov
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My TG blog t.me/techhypov
Related publications
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.