I am not an expert trader by any means, I am open input and sharing my ideas. I am still learning.
----------------------------------------------------------------
Price is noted between a support and a resistance
Two patterns were noted here.
1 Double Top formation
2 Parallel channel
----------------------------------------------------------------
SELL
Factors:
Most indicators are neutral for this pair. Some in smaller timeframes, suggesting a short sell. This could be the sell we need to return to support to see if a successful breakout is possible.
Target suggestion: the measure of double top
----------------------------------------------------------------
BUY
Factors:
the channel is a bullish channel, so price is likely to hit above it and hit it.
Target suggestion: the measure of channel
----------------------------------------------------------------
Price is noted between a support and a resistance
Two patterns were noted here.
1 Double Top formation
2 Parallel channel
----------------------------------------------------------------
SELL
Factors:
Most indicators are neutral for this pair. Some in smaller timeframes, suggesting a short sell. This could be the sell we need to return to support to see if a successful breakout is possible.
Target suggestion: the measure of double top
----------------------------------------------------------------
BUY
Factors:
the channel is a bullish channel, so price is likely to hit above it and hit it.
Target suggestion: the measure of channel
Note
Error channel target is: $16.09 to 16.57
Note
Still awaiting break, price has been ranging for 3 days now
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.
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.