On the daily timeframe, the trend has been bearish. The price has been making lower highs since December, finding support at 2.5$ before climbing back up.
However, price action has been narrowing, as we can see from these dashed lines forming a triangle. This is predating huge volatility could happen soon.
Clearly, if we break above the 0.382, which is at 4.8$, we can say the global trend is no longer bearish.
On the 4 hours, the trend is rather bullish, with each lows and highs being higher than the previous one.
I'd like to see some kind of continuation: price might touch that ascending support then bounce off it up to resistance being at 4.8$, then it would create an ascending triangle which could lead to a breakout:
Right now it is just a waiting game. I'll keep this idea updated.
However, price action has been narrowing, as we can see from these dashed lines forming a triangle. This is predating huge volatility could happen soon.
Clearly, if we break above the 0.382, which is at 4.8$, we can say the global trend is no longer bearish.
On the 4 hours, the trend is rather bullish, with each lows and highs being higher than the previous one.
I'd like to see some kind of continuation: price might touch that ascending support then bounce off it up to resistance being at 4.8$, then it would create an ascending triangle which could lead to a breakout:
Right now it is just a waiting game. I'll keep this idea updated.
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Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
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🔥Get the Cyatophilum Indicators today and automate them on Binance and OKX ! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。