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Alikze »» IO| Bullish Wave Five - 1D

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🔍 Technical analysis: Bullish Wave Five - 1D

📣 IOUSDT

🟢 In the analysis of the previous post on the 8-hour timeframe, it was noted that it is moving in a descending channel that can continue to correct to the Buyer Zone.

🟢 According to the analysis, after reaching the area, the price broke out of the congestion by touching the Buyer Zone several times and forming an ascending triangle pattern and continued its growth to the supply zone.

🟢 Currently, on the daily timeframe, it is suffering from a congestion in the supply zone.

💎 Therefore, if the price does not touch the Invalidation LVL zone, by breaking out of the congestion and breaking the supply zone, it can continue its growth to the next supply zone after breaking it.
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syot kilat
Dagangan aktif
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Nota
Due to the overlap, the current corrective wave is the second corrective wave. Therefore, if the golden box is maintained and confirmed, we should expect a third bullish wave. syot kilat

Penafian

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