Price has broken out of the prior consolidation and is now holding above the Kumo (bullish shift).
Future Kumo turning green (supportive trend).
Pattern Confluence (Strong Bullish Case)
Cup bottom ~ 0.68-0.70
Rim resistance ~ 0.95-1.00
If breakout and stay above 1.05 confirming the bullish bias.
N wave with E, V, N & NT projection.
Price is currently testing V/E zone
A clean break above E (~1.00) confirms N wave continuation.
N is immediate support at 0.935. Price to stay above N to confirmed the bullish continuation.
Bullish bias as long as price stay above 0.935 - 0.875.
A close back below the breakout zone would weaken the setup.
Trading idea
Aggressive entry: on a small pullback near 0.935–0.945
Safer entry: wait for a clean close above 0.960
Stop loss: below 0.875 (or tighter below 0.935 if you want a shorter leash)
Targets:
T1: 0.960
T2: 0.995
T3: 1.05 if momentum continues
T4: 1.10-1.15 (extension)
T5: 1.20+ (full cup & handle projection)
Stop loss:
S1: 0.95
S2: 0.93
Bearish/Failure scenario
Watch for
Rejection at 1.00 with strong selling
Break below 0.93 (N level)
If that happens:
Price may retrace to 0.875 (NT lower support
Possibly 0.85 zone.
Notes:
1. Analysis for education purposes only.
2. Trade at your own risk.
Future Kumo turning green (supportive trend).
Pattern Confluence (Strong Bullish Case)
Cup bottom ~ 0.68-0.70
Rim resistance ~ 0.95-1.00
If breakout and stay above 1.05 confirming the bullish bias.
N wave with E, V, N & NT projection.
Price is currently testing V/E zone
A clean break above E (~1.00) confirms N wave continuation.
N is immediate support at 0.935. Price to stay above N to confirmed the bullish continuation.
Bullish bias as long as price stay above 0.935 - 0.875.
A close back below the breakout zone would weaken the setup.
Trading idea
Aggressive entry: on a small pullback near 0.935–0.945
Safer entry: wait for a clean close above 0.960
Stop loss: below 0.875 (or tighter below 0.935 if you want a shorter leash)
Targets:
T1: 0.960
T2: 0.995
T3: 1.05 if momentum continues
T4: 1.10-1.15 (extension)
T5: 1.20+ (full cup & handle projection)
Stop loss:
S1: 0.95
S2: 0.93
Bearish/Failure scenario
Watch for
Rejection at 1.00 with strong selling
Break below 0.93 (N level)
If that happens:
Price may retrace to 0.875 (NT lower support
Possibly 0.85 zone.
Notes:
1. Analysis for education purposes only.
2. Trade at your own risk.
Trade chiuso: obiettivo raggiunto
Reach target
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.
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.