Price broke long term up trend and broke a huge support level Scenario 1: Breaking support could be a false break, price will go up and retest on support level and rallies up. Scenario 2: Price fall was so strong that it broke support on purpose and sellers closed there position, price go up slightly to touch support level to the downward and then falls again....
Scenario 1: price could break support, do a retest then shoots up Scenarion 2; price could break the medium term up trend, and falls Me personally if won’t trade at this point because of uncertainty *always wait for confirmation before entering a trade
Price is expected to hit the long term up trend and then skyrocket, Otherwise, if longterm line broke wait for retest then go Short
Price broke long term trend Price tested the long term trend Price made a single top amd expected to make a double top and then BIG SELL Will wait for confirmation before going short (expecting a wick or a hammer and oversold RSI)
- price is currently consolidating - wait for a break - wait for a retest then trade Good luck 😁
Price made a short uptrend, however if it breaks the lower blue line then price is expected to fall.
Price recently broke the short term downloward and is currently consolidating, watch out for the break and go for the run