Neblio in the midst of a Nap
Daily
Looking over at our highest timeframe we see price has recently formed a double bottom inside our major support zone @ 0.0010000. Price has broke our resistance @ 0.0014000 and tested for support. Currently testing our resistance @ 0.0018000, waiting for higher low to form.
4Hour
Shifting over to our pattern timeframe we see price has formed a double top @ 0.0017500, expecting a drop towards 0.0015500. Depending on how much momentum we have, we could see a drop towards 0.0014000. A 4hour close above 0.0017500 activates our trade, or a bounce from 00014000
Hourly
Finally looking over at our trigger timeframe we see price is in the middle of a correction. Looking like a drop towards 0.0015500. Double bottom could form here. Waiting for higher timeframe confirmation before taking a position.
Conclusion
Wait for a bounce off 0.0015500 or a break and close above 0.0017500
Related publications
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.