Alikze »» PEPE | Support of the bottom of the ascending channel
Updated
At 8h, it is in the trading range area, which has good reactions to the supply and demand areas.
💎 Currently, it is moving to the supply zone in an upward channel, which has faced a temporary correction after the negative reaction to the zone. But if it maintains the area of 0.00000894, it can break the supply area and continue its growth until the next supply area.
💎 Alternative scenario: In addition, if the bottom of the channel breaks the indicated area, it can continue to correct the demand area.
»»»«««»»»«««»»»«««
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.
Sincerely.❤️
»»»«««»»»«««»»»«««
💎 Currently, it is moving to the supply zone in an upward channel, which has faced a temporary correction after the negative reaction to the zone. But if it maintains the area of 0.00000894, it can break the supply area and continue its growth until the next supply area.
💎 Alternative scenario: In addition, if the bottom of the channel breaks the indicated area, it can continue to correct the demand area.
»»»«««»»»«««»»»«««
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.
Sincerely.❤️
»»»«««»»»«««»»»«««
Note
According to the movement path, it has grown by more than 16%, which has already broken the supply area. If fixed above the range, it will touch the zone. Note
With approximately 37% growth, it is currently at the ceiling of the channel and supply range. Note
Note
24% correction from the entrance area. The second target was touched. Note
According to the sell position presented after the break of the ascending channel and the green box area, this box is currently a resistance barrier. Therefore, as long as it is not above the range of the red box, it will be difficult for this currency to continue the upward trend and it can touch the next green box. Note
As expected, it faced selling pressure after failing to establish the top of the resupply zone. Currently, it is located in the area of the channel floor. With its failure, it can continue to the width of the correction channel, which can touch the OB demand area of the 894 range. Trade closed: target reached
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.