Price at the moment looks more bullish.
we should consider we are moving into downtrend channel in a bigger time charts yet.
so if the price could hold the base area at my chart has big chance to break out that channel.
at this scenario the closest target is around 2100$ for short term.
if price could manage to break up the channel we could consider our main trend changed to
bull trend.
Enjoy the market
we should consider we are moving into downtrend channel in a bigger time charts yet.
so if the price could hold the base area at my chart has big chance to break out that channel.
at this scenario the closest target is around 2100$ for short term.
if price could manage to break up the channel we could consider our main trend changed to
bull trend.
Enjoy the market
Trade active
As I expected price finally bounced up from my base area, broke the daily channel and started new rally.now at the chart below I expect new base area ( range zone) will form in days coming.
then we could estimate new levels of next price action.
Trade closed: target reached
My new updatesNote
it is clear if the price close below 2210 $ then our conditions will stop until my next update
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.
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.