Price Action Patterns:
The price appears to have been forming a rounded bottom, signaling possible accumulation.
The recent price action has moved upwards towards a significant horizontal resistance at $3.65. This is the level to break for confirmation of a bullish breakout.
Waves:
The move resembles a Wave 1-2 pattern, with Wave 3 (impulsive wave) likely beginning above the breakout level.
Order Buy Stop
Entry Price: $3.70 (just above resistance for confirmation)
Take Profit (TP): $5.30 (first major resistance zone)
Stop Loss (SL): $3.20 (below recent swing low)
Confidence Level: 75%
The price appears to have been forming a rounded bottom, signaling possible accumulation.
The recent price action has moved upwards towards a significant horizontal resistance at $3.65. This is the level to break for confirmation of a bullish breakout.
Waves:
The move resembles a Wave 1-2 pattern, with Wave 3 (impulsive wave) likely beginning above the breakout level.
Order Buy Stop
Entry Price: $3.70 (just above resistance for confirmation)
Take Profit (TP): $5.30 (first major resistance zone)
Stop Loss (SL): $3.20 (below recent swing low)
Confidence Level: 75%
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.