Hello my dear friends
I hope we have a profitable week ahead (:
If the price moves out of the triangle pattern and can be above the blue range ($3.836), we can have a head and shoulder pattern at the end of the downtrend.
The yellow area ($4,812) is an important area, the possibility of a reaction to this area is not out of mind. But if it crosses this range, the possibility of breaking the downward trend line and forming an upward trend in the medium term is strengthened.
Don't forget, the above scenario is valid under the condition that the price moves above the $3.836 range.
We would be happy to hear your comments.
I hope we have a profitable week ahead (:
If the price moves out of the triangle pattern and can be above the blue range ($3.836), we can have a head and shoulder pattern at the end of the downtrend.
The yellow area ($4,812) is an important area, the possibility of a reaction to this area is not out of mind. But if it crosses this range, the possibility of breaking the downward trend line and forming an upward trend in the medium term is strengthened.
Don't forget, the above scenario is valid under the condition that the price moves above the $3.836 range.
We would be happy to hear your comments.
Сделка активна:
The first target was touched (:
Let's go for the next range ----- $7.352
Do you think the downward trend line will break upwards!?! Will we have a fake failure or a fixed failure!?!
Let's go for the next range ----- $7.352
Do you think the downward trend line will break upwards!?! Will we have a fake failure or a fixed failure!?!
Сделка активна:
Our mindset to continue the upward trend in the medium term is still standing!
But, considering the type of movement and the intactness of lower ranges and unissued signals from the chart, there is a high possibility of reacting to the yellow range ($4.804) and breaking the upward trend line.
The loss limit range is large (14%) because the probability of this range being consumed is high. As a result, we set the loss limit higher.
What do you think!?
Our mindset to continue the upward trend in the medium term is still standing!
But, considering the type of movement and the intactness of lower ranges and unissued signals from the chart, there is a high possibility of reacting to the yellow range ($4.804) and breaking the upward trend line.
The loss limit range is large (14%) because the probability of this range being consumed is high. As a result, we set the loss limit higher.
What do you think!?