Another massive breakout as price drops to a low of 1700; current PA is looking to re-flip 2k + long-term resistance trendline to send us back into triangular pattern.
It's possible that we see a short-term pump to either prior pattern support or resistance; if price manages to flip next long-term trendline then there's a chance we could recover back into the short-term trend.
Keep in mind that this would not indicate a bullish cycle; using 3k as a critical marker + 2 deviations from the cycle test zone (purple) we can assume that price would need to reach this zone by late May to be considered.
Further rejection could send us to 1500-1450 as next critical support test/LT trendline; see attached D1 chart for additional info.
It's possible that we see a short-term pump to either prior pattern support or resistance; if price manages to flip next long-term trendline then there's a chance we could recover back into the short-term trend.
Keep in mind that this would not indicate a bullish cycle; using 3k as a critical marker + 2 deviations from the cycle test zone (purple) we can assume that price would need to reach this zone by late May to be considered.
Further rejection could send us to 1500-1450 as next critical support test/LT trendline; see attached D1 chart for additional info.
Nota
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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.