Alikze → #IOTA | Forming a bullish flag pattern

In the daily time, a flag can be seen in the medium-term ascending channel. Meanwhile, the current bullish log has also formed a flag that should probably break this resistance range. The corrective structure is a three-wave that has returned 1.272 waves and now it is highly likely that a new floor should not be built. Therefore, the created floor is valid for the specified targets.
🟩Sup: 0.19 ~ 0.1963
⛳️Tp 1:0.293
⛳️ Tp2 : 0.39
⛳️ Tp2 : 0.44
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Note

Now, according to the structure and the failure of the first flag and internal pullback, you can enter the buying position at the support range of 0.2440. It now has the ability to break the supply chain according to its behavior.
The stop range is a bit big because of the higher risk compared to where it is placed. If you have the ability to take less risk, you can enter the purchase transaction after the supply failure.

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Almost 5% growth since the buy position signal indicated that Inar will have the ability to break the supply zone. Now you can move the stop below the 0.2440 area and after the complete break of the trail stop for the specified target.

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Now move the stop and trail stop. More than 7% growth so far.

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With the support of 0.2690, the next targets are 0.29 and the supply range is specified.

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With sniper re-entry enabled. 5% growth.😎

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If the red box marked on the top does not break and has a negative reaction, it will probably touch the bottom of the green box below.

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According to the structure in time D1, we should see the break of the first supply area and then 0.29. A break of 0.29 will pave the way for the 0.44 target or wave 5 upside.
Therefore, the area should probably be broken soon.

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According to the analysis of the supply area, it was broken.

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It will soon break the current supply area for the next target.

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Failure of the supply zone and exit from congestion. It is currently in a motivational wave and will have the ability to reach the specified supply area. In case of pullback to 0.293 to 0.30 with subswing support broken target 0.39 to supply area

Note

After touching the target range, a modification has been encountered, which will have the ability to retest the supply range with the support of the 0.29 range. Next, we should see the continuation of the trend if the supply range is broken for the next targets of 100 Fibo and after that 1.272. If the behavior and structure of the post changes, it will be updated.

alikze

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alikze

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