The current impulse wave faced a resistance area (purple PRZ) which price showed lots of reactions to this area before. the short term correction wave can be ended if the price shows a meaningful reaction to the static PRZ (green PRZ) which is reinforced with level 38.2 of Fibonacci retracement. if the price break this PRZ down with a full body candle it can...
Luna breakout the historical peak. it is now under the resistance of channel midline. Scenario 1: it can be a short consolidation or pullback to the static blue line which belongs to the highest high and then goes for the top line of the channel. Scenario 2: decrease to the bottom line of the channel. For scenario num.1 you can set up an stop order above the...
The blue static line belongs to the highest price in ADA history. it could be a pullback to the highest high but if the price break down the channel (careful of fake breakout) it can be a short term correction wave.
Your comment?
Price may decrease to level 38.2 where the bottom line of the green channel can support the price. also we have static price action PRZ (purple area)
your comments?
