Here we can see a rising wedge (bearish pattern) and a pennant (bullish pattern).
Trading volume is very low as well volatility (ATR).
We can see here that 3.0943 is a local horizontal resistance. There where 3 failed attempts to cross resistance.
If there is a 4th retest it has a higher chance of following the rising wedge pattern which could lead us into a small drop.
Now still keep in mind that there is still high chances of bullish formation happening. Entry only after confirmation is important.
Bitmex Trading Bot & Full Trade Setup
👇👇
Trading volume is very low as well volatility (ATR).
We can see here that 3.0943 is a local horizontal resistance. There where 3 failed attempts to cross resistance.
If there is a 4th retest it has a higher chance of following the rising wedge pattern which could lead us into a small drop.
Now still keep in mind that there is still high chances of bullish formation happening. Entry only after confirmation is important.
Bitmex Trading Bot & Full Trade Setup
👇👇
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.