BATUSDT
Updated
Hello again
Currently, we are at the bottom of the long-term ascending channel, the channel has not broken down, the ranges have been maintained in the corrective trends.
As long as the price range of $0.2919 is maintained, there is a possibility of completing the head and shoulder pattern at the end of the downward trend.
Don't forget that in order to form an upward trend, the downward trend line must be broken upwards and the failure must be consolidated.
We would be happy to hear your comments(;
Currently, we are at the bottom of the long-term ascending channel, the channel has not broken down, the ranges have been maintained in the corrective trends.
As long as the price range of $0.2919 is maintained, there is a possibility of completing the head and shoulder pattern at the end of the downward trend.
Don't forget that in order to form an upward trend, the downward trend line must be broken upwards and the failure must be consolidated.
We would be happy to hear your comments(;
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So far, according to the analysis, it has progressed.It seems that the corrective trend will end in the specified range of $0.3125.
It should be seen whether the price range of $0.2919 will be maintained for the specified bullish scenario or not!?
Note
We have to see how we will react to the blue range!!!!To form an upward trend similar to the drawn scenario, it is better to touch the bottom of the channel once more. In this case, the possibility of forming a strong upward trend is higher, of course, provided that the channel is not broken from the bottom side! :D
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The yellow area ($0.3383) is still important for us and the price should return to this area.
The upward process to reach the roof of the channel will start from the yellow area.
The $0.443 price range was completely consumed, which reinforces our mindset to form an uptrend.
If a trend similar to the drawn scenario is formed, we can enter into a purchase transaction by observing the loss limit compared to the price range of $0.3383.
What is your opinion?!?!
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