Unfortunately prıce couldn't manage to break above the red descending channel and has fallen down to the support of long term ascending channel(blue dashed line) I am expecting a bounce from this area, if not we might see the price touch the lower blue line.
Possible target of the Inverse Head&Shoulders formation is marked with red. I am really curious to see the outcome.
I wonder whether the inverse Head&Shoulders formation shall work or not? You may observe the same formation in more or less all major altcoins.
Weekly close below the dotted line shall possibly pull down the price to 29 K. You might want to follow the FIB levels to take positions.
ASESLAN is at the support line of a long term ascending channel. It believe it presents a good entry point yet if the next weekly candle closes below the support line you might want to close the position. Dotted line is MT target.
Price range has been moving in consistence with FIB channels. So far so good. Let's keep watching.
As long as the price stay inside the ascending channel the target is the upper blue line. If the price breaks below the channel I would set a stop loss order.
TRX had underperformed compared to most major altcoins and had broken below the ascending channel. After a long time it finally managed to enter into the ascending channel again. İf it manages to stay inside the channel dashed line and the upper blue line are the TP targets.
After the dashed line , Black line serves as the second level support and it presents buying opportunity if price starts to fall. Upper green line is the MT target.
If the price breaks above the descending trend line (black line) targets are green line, red line and the upper blue line.
It has broken above the daily descending trend line. LT ascending channel upper line target is marked with red.
Green line is acting as a dynamic support. The area between green line and the lower blue line presents buying opportunity. I would put a stop loss below the lower blue line. Should the price crosses up the intersection point of the dashed lines (Price level is indicated by red horizontal line) then the upper blue line is the MT target whereas upper green line...
If the price enters green channel it would present a good buying opportunity. Stop loss if the price breaks below the bottom blue line.
Black line is the long term moving support. I am expecting the price to follow purple line.
Follow the horizontal lines . If XU100 keep increasing blue and red lines, if XU100 starts falling black lines.
The ascending channel started in March 19 (blue) is still intact . Price has entered into the LT ascending channel (green) , there is good profit potential if it stays in the green channel. Set a SL below the blue channel.
As long as it stays in the ascending green channel the marked (red lines) levels could be considered as TP points. If the price breaks below the green channel set a close stop loss .
You may follow the dotted lines as retracement levels. The price may retrace back to the upper line of the blue channel which was broken earlier.