• Long term descending channel was broken back in March
• We had several breakouts before that were proven to be fake, is this one going to be a long lasting one ? Or it is just another fake breakout that is going to fade and trade back into the descending channel ?
• We have a bullish crossover between the 50 and 200 Moving Averages
• We have a symmetrical triangle breakout, which targets a 1200$ move as per the measurement method
• Breakout point: 1700 + 1200 = 2900$
• Next resistance is 2170 followed by 2300 and 3300
• We had several breakouts before that were proven to be fake, is this one going to be a long lasting one ? Or it is just another fake breakout that is going to fade and trade back into the descending channel ?
• We have a bullish crossover between the 50 and 200 Moving Averages
• We have a symmetrical triangle breakout, which targets a 1200$ move as per the measurement method
• Breakout point: 1700 + 1200 = 2900$
• Next resistance is 2170 followed by 2300 and 3300
Ramzi Abou Abdallah, CFTe, CMT
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Ramzi Abou Abdallah, CFTe, CMT
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.