The big red diagonal line is the connection between the two big waves Resistance levl.
Right now price is at the bottom due to the multiple respects to the horizontal and other diagonal S/R levels.
What is your opinion about it?
Write it in the comments
It seem that the S/R levels are pretty solid and have been respected by the price for many times, the lines have been drawn perfectly and the price is right at the bottom. Its time to buyyy👏🏻
It is a goo buy opportunity today or even tomorrow and the day after (due to the wedge that is going to get close)
How ever this could be short position if you don’t want hold the asset for a month
If we try not to get confused by the chart lines madness We can see that the price has been touched the resistance level for several times in this time, sooner or later it’ll be broken and price will rise. Now it’s a good time to say that it’s a good chance for going long because the last momentum in the chart shows a rally to the red line again and also the wedge...
The vertical lines describe the daily time line better for forecast the future price, however I think we need more candles to assure that what is going to happen next.
In my opinion, the price is at the end of the wedge right now and there could be a possible bullish position hiding in the bottom again scene we’re at the bottom price at all time.
What do you think?
