Before anything else, it's important to note that this is not a sell/short setup—it's a buy/long setup.
From the point where we placed the green arrow on the chart, Sonic appears to have started forming a Triangle pattern.
Waves A, B, and C of the Triangle appear to be complete, and the price is now developing wave D.
The highlighted green zone offers the best area to look for buy/long positions. If the price reaches this zone, it provides a relatively low-risk entry. Set an alert around this area. If the price does not reach the green zone, we will not take a position.
The targets are marked on the chart.
A daily candle close below the invalidation level will invalidate this analysis.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think SONIC is bullish?
From the point where we placed the green arrow on the chart, Sonic appears to have started forming a Triangle pattern.
Waves A, B, and C of the Triangle appear to be complete, and the price is now developing wave D.
The highlighted green zone offers the best area to look for buy/long positions. If the price reaches this zone, it provides a relatively low-risk entry. Set an alert around this area. If the price does not reach the green zone, we will not take a position.
The targets are marked on the chart.
A daily candle close below the invalidation level will invalidate this analysis.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think SONIC is bullish?
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.