It seems that according to the maintenance of the upward trend line (we do not have a LL on the price chart), if the resistance range of $8.7 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high.
If this specified resistance area is not completely consumed, we expect a downward trend and the bullish scenario is invalid.
At the moment, we do not have a signal for a bearish trend on the price chart. On the other hand, a relatively attractive candlestick pattern tangential to the upward trend line has been formed for us.
What do you think?
If this specified resistance area is not completely consumed, we expect a downward trend and the bullish scenario is invalid.
At the moment, we do not have a signal for a bearish trend on the price chart. On the other hand, a relatively attractive candlestick pattern tangential to the upward trend line has been formed for us.
What do you think?
Trade active
Confirmation of the medium-term upward trend is issued when the specified resistance range is consumedTrade active
The specified resistance range is completely consumed.According to the issued signals, we expect a downward trend.
The lower areas, according to the main and mid-term scenario, are attractive areas for spot buying.
t.me/Bit_bingo
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.