Hello everybody, I want to share this with you!
-On a 4-hour time frame, we can see that the price formed a very strong bearish candle but the price tested support area and rejected with few smaller bullish candles.
-On a lower time frame such as 1 hour, we can see that the price is not much volatile and we can see that the price is forming longer wicks at the bottom of the candle so that means that we have more resistance on the bottom.
-We can see will the price make a breakout or will the price make pullback in a bullish direction.
-I consider that the price is at a very solid support area and I expect bullish movement but we will see what is going to happen.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price formed a very strong bearish candle but the price tested support area and rejected with few smaller bullish candles.
-On a lower time frame such as 1 hour, we can see that the price is not much volatile and we can see that the price is forming longer wicks at the bottom of the candle so that means that we have more resistance on the bottom.
-We can see will the price make a breakout or will the price make pullback in a bullish direction.
-I consider that the price is at a very solid support area and I expect bullish movement but we will see what is going to happen.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.