Daily TF
After a daily rise, we've formed an M formation and are now retesting the 50 EMA. Even if we break the EMA with volume in the next few days, confirmation is key. Remember, the 50% vector candle from the last push-up is around 3364, and we might see a bounce there if this is just a retrace for the next rise!
We're seeing a perfect hold on the Fib level, with a few days of consolidation.
If we can hang tight in this phase or we come back a bit to retest the flag, my sights are set on the fib levels above the current price, around $1.2, and then eventually $1.5.
Two sizable green candles on the daily timeframe against #Bitcoin is always a promising sign when trading altcoins!
LSE:ONDO Daily Update 👀
Perfect Bullish Engulfing on the Daily timeframe. Breakout of the pattern and fast retest after that.
Looks too good to be true for me, also in retail patterns like this one, we open our long position inside of the triangle before the breakout. Because most of the time when we have the chance to retest the pattern it is more likely that...
Bitcoin daily timeframe chart, with possible bullish trend for top range test, and set up for big drop to the liquidity below range bottom. Also astrology shows some danger zone in the upcoming days.
