The price is currently forming a flag pattern, and it has just broken out from this chart pattern, indicating potential for a move towards the next take profit (TP) level.
The price has recently broken above the previous high, and all Exponential Moving Averages (EMA) are distinctly trending upward. This alignment adds to the strength of our trade setup. Furthermore, a glance at our SmartMCDX indicator reveals a dominant presence of bankers in control, indicated by the green bars consistently surpassing the 50% line. These combined...
In recent developments, the price has broken out from its daily trendline. A closer look at the 4-hour timeframe reveals an ongoing formation of a flag pattern, which has also experienced a recent breakout. Worth highlighting, all moving averages are pointing decisively upward. This robust trend direction substantially enhances the potential for a positive outcome...
When the price successfully breaks through a resistance level, the previous resistance can turn into a support level, allowing for a potential price retracement. There's a possibility that the price could experience a significant increase, reaching the specified take profit (TP) target. Additionally, there are other factors aligning with this perspective. The...
still learning if anyone has an idea pls do share with me:)