hello guys...
nowadays we read a lot of essays about the crypto crash, but what does the chart show us?!
I haven't seen any reasons for dump, and all signs illustrate maybe just a correction and the main trend still is bullish.
let's check it step by step,
the first reason is the last low touched the flip area that I pointed out on the chart.
the second reason is the last sharp leg experienced a 33% correction. and there is no debt to lower levels:
the second reason is the target of the head and shoulders pattern touched before:
The recent market movements reveal a noteworthy pattern: a head and shoulders formation suggesting a potential change in price direction. The target zone for this pattern is indicated by the blue area. Additionally, the cryptocurrency is following an upward channel. A key observation is the creation of a supply and demand zone along the upper channel line, hinting at a possible breakout. This move appears strategic, aiming to strengthen the market position.
_____________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
nowadays we read a lot of essays about the crypto crash, but what does the chart show us?!
I haven't seen any reasons for dump, and all signs illustrate maybe just a correction and the main trend still is bullish.
let's check it step by step,
the first reason is the last low touched the flip area that I pointed out on the chart.
the second reason is the last sharp leg experienced a 33% correction. and there is no debt to lower levels:
the second reason is the target of the head and shoulders pattern touched before:
The recent market movements reveal a noteworthy pattern: a head and shoulders formation suggesting a potential change in price direction. The target zone for this pattern is indicated by the blue area. Additionally, the cryptocurrency is following an upward channel. A key observation is the creation of a supply and demand zone along the upper channel line, hinting at a possible breakout. This move appears strategic, aiming to strengthen the market position.
_____________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Note
as we expected the breakout happened:Trade closed: target reached
yeah!I was right!
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👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended exchange(you can get up to $5050 bonuses): lbank.one/join/uF7u10M
____
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.