Two important indicators exhibit noticeable similarities to the point in time just before the previous pump got going:
1. Big market cipher wave beginning to flow upward.
2. ATR came down to basically the exact same value as it was before the pump.
Looking at the situation as a whole, I expect the price to travel down a bit further before then making a strong push back up again.
1. Big market cipher wave beginning to flow upward.
2. ATR came down to basically the exact same value as it was before the pump.
Looking at the situation as a whole, I expect the price to travel down a bit further before then making a strong push back up again.
Trade closed: target reached
It didn't go quite as high as the arrow indicated, but it did make a 10% move
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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.