From the standpoint of technical indicators, the trend is clearly bullish (MAs, RSI). So, I'm willing to take short position only if price breaks out of the channel. I would like to pay your attention to this fractal: 
The only difference between these two is that they developed on different stages of the trend: the first pattern initiated the bullish trend, and the second may add fuel to it. Currently, the wave pattern is unclear, so I will wait to assess price's interaction with the 'Decision Zone' or the channel.
The only difference between these two is that they developed on different stages of the trend: the first pattern initiated the bullish trend, and the second may add fuel to it. Currently, the wave pattern is unclear, so I will wait to assess price's interaction with the 'Decision Zone' or the channel.
Note
LTC: New high in sight Note
Price has reversed from 'Decision Zone' and is now testing the support area. Dropping below 9080 is not desirable for bulls Note
Breakout imminent in XRPBTC: Note
H&S pattern is threatening the market. Breakout strategy is activated: Note
Pullback within wave 5 of uptrend or C wave of correction? Big difference for day trading. Note
Breakout target was reached overnight. Flat for now. Chart update soon: 
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Telegram: t.me/NixTrading
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Related publications
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.