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UXLINK ANALYSIS (8H)

From the point where we placed the green arrow on the chart, an expanding triangle began, and the pattern completed at the point where we placed the red arrow.

Now, the price seems to be in a correction, which appears to be either a Diametric or Symmetric pattern. Currently, it looks like we are in wave D of this structure.

We expect a drop from the red box. Demand 1 is a temporary rebuy zone, while Demand 2 is a suitable area for a set-and-forget approach with good gains.

Let's see what happens!

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

İşlem aktif

It pumped and reached the red zone, then got rejected as per the previous analysis

this scenario is playing out.

İşlem kapandı: hedefe ulaştı

Eventually, the drop occurred and the price reached the green zone, showing a reaction.

Since hitting the green zone, it has pumped over 44%. The path was accurately mapped out.

behdark

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

behdark

✅ 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