Bullish shark pattern with a comfirmation low. Target 16-17 USD
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15 minute update. Small rising wedge formed. Looking to buy some more at 12.75. potential three rising valleys is also forming
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Well we have hit our next buy zone. rising wedge played out. watching price action for now before scaling in.
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So there is one more downside target without the structure of the pattern. Any lower would invalidate the long trade. But this last target could form a bullish butterfly. remember this is on the 15min timeframe and we are still trading the 4h bullish shark as the bigger picture.
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Amazing. target hit once again. but this time its the last line of support in my opinion. if it breaks any lower than 11.35 where our stop loss is, this trade becomes invalid. We did however made nice scalp trades off these moves down.
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The bigger picture right now. nothing much really changed when on 4h timeframe.
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Updated chart. seems like the bottom is in. All it needs is momentum for take off.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.