100 trades crypto series Starting date: 9/August/2021 Day 4 Starting capital: $500 Capital at present: $583 Trade nr. 16 (all trading ideas in the series with commentary and outcome can be found on my profile)
BULLISH VIEW:
-Broken above multiple resistances (local downtrend, local resistance of fair value - pink channel) -Quite strong rally -Broke above LH of the prevailing trend - HH trend reversal.
BEARISH VIEW:
-Still a possibility of a bear flag.
Initial target - control price as well as local tops. Second target, top of the channel of fair value.
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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.