The market could if he breaks the rectangle go back to the lower level market in redzone.
Best Buy Zone identification zone. If price drops there a buy trade could be triggered. On the other side we would wait for a clear break of the high selling pressure zone.
CHZUSD trade Idea with identification of the Best Buy Zone for a perfect trend following.
2 scenarios possible : Retracement to Best Buy zone or Break of the top with volume
Nice oppurtunity to maybe profit for a rebound. Stoploss zone under 147 USD. BBZ = 82/100 USD
Breakdown opportunity? Global situation could get worse with maybe profit warning.
Application of Wykoff method on current Cardano price chart