hallo everyone .
there are 4 possible scenarios :
number 1 :
price consolidating in this range , either it breaks the top or the bottom of the channel.
number 2 :
the price breaks the local resistance and MA50 , rises to the strong resistance , comes back down will be in this range.
number 3 :
price breaks both resistances , and reaches the target of 161.80% Fibonacci which is 38 $.
number 4 :
price after consolidating in this range , will break the support and fall to the green line.
after all , in my opinion , it's more likely to break the local resistance in the following days and pump to the strong resistance , that time we'll decide either it goes down again or breaks the strong resistance ...
I'll keep y'all updated .
don't forget to hit the like !
there are 4 possible scenarios :
number 1 :
price consolidating in this range , either it breaks the top or the bottom of the channel.
number 2 :
the price breaks the local resistance and MA50 , rises to the strong resistance , comes back down will be in this range.
number 3 :
price breaks both resistances , and reaches the target of 161.80% Fibonacci which is 38 $.
number 4 :
price after consolidating in this range , will break the support and fall to the green line.
after all , in my opinion , it's more likely to break the local resistance in the following days and pump to the strong resistance , that time we'll decide either it goes down again or breaks the strong resistance ...
I'll keep y'all updated .
don't forget to hit the like !
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.