Alikze »» PEOPLE |Corrective structure in ascending channel
Updated
🔍 Technical analysis: Corrective structure in ascending channel
- It is moving in an ascending channel in the daily time frame.
- At present, the supply area is faced with sales pressure.
- According to the downward momentum, it can have a pullback with a broken structure.
💎Possible scenario: Therefore, any attempt to the supply zone, if it does not break it upwards, can continue the downward path and touch the 0.04880 range first.
💎 Alternative scenario: In addition, if the region breaks the supply, it can grow to the next region.
🛑 Resistance range: 0.10986 - 0.12207
🟩 Support range: 0.03662 - 0.04272
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
- It is moving in an ascending channel in the daily time frame.
- At present, the supply area is faced with sales pressure.
- According to the downward momentum, it can have a pullback with a broken structure.
💎Possible scenario: Therefore, any attempt to the supply zone, if it does not break it upwards, can continue the downward path and touch the 0.04880 range first.
💎 Alternative scenario: In addition, if the region breaks the supply, it can grow to the next region.
🛑 Resistance range: 0.10986 - 0.12207
🟩 Support range: 0.03662 - 0.04272
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
Comment
After the pullback, the broken structure formed a cypress shoulder pattern, which has been corrected by more than 46% so far. Therefore, this corrective movement can be continued and extended up to the green box and the bottom of the channel and the origin of the movement. Comment
According to the predicted movement path, after hitting the green box area, it encountered demand, which has grown by more than 88% so far. 
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.