ICON / BitcoinUpdated Possible change of trend
The price is still building the XABCD structure (which is bullish). The price is near the level CD = 1.13AB. We can start uptrend from this level or go deeper to 1.272 level.
Still there is not any factor for buying it.
So, from my previous analysis only scenario 1 is valid for me.
There is not any financial advice, just what I see on the chart.
Still there is not any factor for buying it.
So, from my previous analysis only scenario 1 is valid for me.
There is not any financial advice, just what I see on the chart.
Trade active
The price dropped to 127,2% level building the strong bullish XABCD formation, and has started moving up. The candles also looking good, so we should go at least to the top of channel.There is not any financial advice.
Note
The level 1.272 was verified twice and now there is the move towards the top of the channel.
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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.