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Price forming a Descending Triangle. Currently we testing the Ichi Cloud resistance zone, and if there is a confirmed rejection we can retest the Horizontal Support Zone.
If pattern will continue forming we can initiate a short position in case there is a confirmed rejection of the Resistance Trendline.
Also the breakout of the Horizontal Support Zone will be a confirmation for the pattern and we can initiate a short position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price forming a Descending Triangle. Currently we testing the Ichi Cloud resistance zone, and if there is a confirmed rejection we can retest the Horizontal Support Zone.
If pattern will continue forming we can initiate a short position in case there is a confirmed rejection of the Resistance Trendline.
Also the breakout of the Horizontal Support Zone will be a confirmation for the pattern and we can initiate a short position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
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.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
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.