Hi dear traders
As you saw in the previous analysis, we took full profit 📈
A reverse H&S pattern was formed.
Now for confirmation, the price can test the 25.3 support area as resistance.
If it fails to break this zone, we expect it to go down to the 22.5 zone. Otherwise price rise to near resistance area 25k.
We can open a limited sell position.
We are trying to take profit 📈in short term ✅.
Wait for confirmation.
All targets specified
Let's see what happens
This is not financial advice ( DYOR )
Good luck
As you saw in the previous analysis, we took full profit 📈
A reverse H&S pattern was formed.
Now for confirmation, the price can test the 25.3 support area as resistance.
If it fails to break this zone, we expect it to go down to the 22.5 zone. Otherwise price rise to near resistance area 25k.
We can open a limited sell position.
We are trying to take profit 📈in short term ✅.
Wait for confirmation.
All targets specified
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Note
Retest 23.5k as resistance I wrote wrong, sorry.
Trade active
Note
Tp1 hit 🎯Note
Tp2 hit 🎯Note
Save some profit now.Note
It's seem double top forming and price unable to breakout 23.8 resistance area. We can open short position with suitable R:R
Let's see what happens
Note
Finally price hit 24k .In 4H we can see long shadow, it's mean hit stop of sellers. As you can see my stoploos active yet.l think price will return to support area near 22.8k ,22k .
I am waiting for another entery for short position.
If 4H candle close below 23.8k I expect price go down
Waiting for conformation
Trade active
Note
Save some profit at 23.55kNote
Tp 23363 hit 🎯Trade closed: target reached
Full Targets Good luck 🤗
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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.
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.