This chart is extremely interesting to study
Look at the pattern
During first contraction, there was a huge supply which took the price to abyss levels of 17 from levels of 280. The contraction measured 91% as per the scale
Second contraction supply got limited to only 50% retracement & in the third it was only 28%
This shows diminishing supply pattern.
Price action give a successful breakout but went into consolidation. The least line of resistance is 285 & it should be kept on radar
Look at the pattern
During first contraction, there was a huge supply which took the price to abyss levels of 17 from levels of 280. The contraction measured 91% as per the scale
Second contraction supply got limited to only 50% retracement & in the third it was only 28%
This shows diminishing supply pattern.
Price action give a successful breakout but went into consolidation. The least line of resistance is 285 & it should be kept on radar
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.
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.