Hi everyone
price broke the main trend line for a while so we have two scenarios now:
scenario (1): price is already started upward pressure
scenario(2): price will break the orange line downward, drop one more time
hitting our strong support level before new bull trend
our strong support level is 14$, strong resistant level is 23.5$
Enjoy the market
price broke the main trend line for a while so we have two scenarios now:
scenario (1): price is already started upward pressure
scenario(2): price will break the orange line downward, drop one more time
hitting our strong support level before new bull trend
our strong support level is 14$, strong resistant level is 23.5$
Enjoy the market
Trade active
my scenario (1) is now more possible, remember below 17$ can turn to bear sideTrade active
17$ support level is working well, so more upward pressure expected nowTrade active
19.2 hit before correction trend still bullish unless close below 17$Trade active
first resistant level broke upwardTrade active
next level 21.2 hit as expected. here can have correction but still is bullishTrade closed: target reached
all targets on my chart hit but if 23.5 resistant level breaks 25$ is in play
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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.