After almost half a year of the downtrend in this currency, we can see some mid-term relief. Took Sell-stops liquidity on High time frame and trapped shorters. I see some upside potential here.
If our support level will hold and will be there strength then I have outlined two targets on the graph (buy-side liquidity).
If there will be any strength in our support, I will not step into this trade.
If our support level will hold and will be there strength then I have outlined two targets on the graph (buy-side liquidity).
If there will be any strength in our support, I will not step into this trade.
Note
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.Free Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada
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I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold,..).
PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC).
go.primexbt.com/click?pid=507&;offer_id=12
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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.