The NANO market has a created a horizontal trend channel.
As you can see in the 4-hour candle graph, the resistance line has been tested three times before it broke down(marked with a circle).
We could probably see a price correction when NANO breaks over the resistance(opposite of last time).
Or we could see a similar drop in price.
I would wait for 2 green / red candles on both sides of the channel before placing my trade to make sure it's not a trap.
Comment below what you think is going to happen, and why? What is your trading plan?
If you like the idea, do not forget to support with a like and follow.
As you can see in the 4-hour candle graph, the resistance line has been tested three times before it broke down(marked with a circle).
We could probably see a price correction when NANO breaks over the resistance(opposite of last time).
Or we could see a similar drop in price.
I would wait for 2 green / red candles on both sides of the channel before placing my trade to make sure it's not a trap.
Comment below what you think is going to happen, and why? What is your trading plan?
If you like the idea, do not forget to support with a like and follow.
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.