Like I said three months ago, we are going to have a prolonged flat, from which we will go up.
The timing was almost exactly as predicted.
As we saw in this flat, there was a bearish sentiment amongst many and the upward momentum was triggered by the fake news about Amazon.
On the chart we can see how we did not break the resistance line the first time, we have corrected and now we have broken this line, we need to consolidate above this support line to continue rising.
To reach the 47-51k zone
Why this particular range?
1. This is the 50-61.8% Fibonacci level;
2.there is the neck line of the global head and shoulders pattern;
3. large horizontal volumes.
I assume that in this range we will hustle for 2-3 weeks, form some kind of fake upward continuation pattern and at the most responsible moment we may go down.
Over 2-3 weeks of flat, I think some alts will make good moves.
Be careful of short positions, now it is fuel for growth.
Best regards EXCAVO
The timing was almost exactly as predicted.
As we saw in this flat, there was a bearish sentiment amongst many and the upward momentum was triggered by the fake news about Amazon.
On the chart we can see how we did not break the resistance line the first time, we have corrected and now we have broken this line, we need to consolidate above this support line to continue rising.
To reach the 47-51k zone
Why this particular range?
1. This is the 50-61.8% Fibonacci level;
2.there is the neck line of the global head and shoulders pattern;
3. large horizontal volumes.
I assume that in this range we will hustle for 2-3 weeks, form some kind of fake upward continuation pattern and at the most responsible moment we may go down.
Over 2-3 weeks of flat, I think some alts will make good moves.
Be careful of short positions, now it is fuel for growth.
Best regards EXCAVO
bitunix.com/register?vipCode=Ri1J7239
trading-tournaments.com/tournaments
Free analysis→ t.me/+Qm96gDz3qdyNOs8t
Indicators → excavo.com/
Strategies t.me/ExcavoPulseBot
🎓 → t.me/EXCAVOREFF_bot
trading-tournaments.com/tournaments
Free analysis→ t.me/+Qm96gDz3qdyNOs8t
Indicators → excavo.com/
Strategies t.me/ExcavoPulseBot
🎓 → t.me/EXCAVOREFF_bot
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
bitunix.com/register?vipCode=Ri1J7239
trading-tournaments.com/tournaments
Free analysis→ t.me/+Qm96gDz3qdyNOs8t
Indicators → excavo.com/
Strategies t.me/ExcavoPulseBot
🎓 → t.me/EXCAVOREFF_bot
trading-tournaments.com/tournaments
Free analysis→ t.me/+Qm96gDz3qdyNOs8t
Indicators → excavo.com/
Strategies t.me/ExcavoPulseBot
🎓 → t.me/EXCAVOREFF_bot
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.