Greetings,
The price is moving in a downward channel (logarithmic chart), the price is at its lower boundary. Right now the price is squeezed between $3 and $4.
If the $3 zone is held and the general background of the cryptocurrency industry is positive (bitcoin price), there is a probability that the price will return to the channel resistance in the area of $8-10. With negative developments for the crypto market, the channel is likely to break down with targets of 0.75-1. Repeating the movement of bitcoin during the last month.
short - price consolidation below $3
long - price consolidation above $4.
trading in the range of $3-$4.
If you liked this material, please like it and subscribe, so as not to miss anything.
Always use STOP, and do not use trading leverage greater than x3.
A trader must always have tomorrow.
The price is moving in a downward channel (logarithmic chart), the price is at its lower boundary. Right now the price is squeezed between $3 and $4.
If the $3 zone is held and the general background of the cryptocurrency industry is positive (bitcoin price), there is a probability that the price will return to the channel resistance in the area of $8-10. With negative developments for the crypto market, the channel is likely to break down with targets of 0.75-1. Repeating the movement of bitcoin during the last month.
short - price consolidation below $3
long - price consolidation above $4.
trading in the range of $3-$4.
If you liked this material, please like it and subscribe, so as not to miss anything.
Always use STOP, and do not use trading leverage greater than x3.
A trader must always have tomorrow.
Telegram 👉 t.me/Kriptos84BTC
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Telegram 👉 t.me/Kriptos84BTC
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.