Price undercuts the previous swing low and flushes out weak holders.
Previous undercutting instance resulted in a 71% upmove post breakout (from 35k to 58k).
A similar magnitude of upmove is possible post trendline breakout (from 58k to 99k).
Half of the magnitude will take it to 78k (35% upmove from 58k).
Previous undercutting instance resulted in a 71% upmove post breakout (from 35k to 58k).
A similar magnitude of upmove is possible post trendline breakout (from 58k to 99k).
Half of the magnitude will take it to 78k (35% upmove from 58k).
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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.
Trading is my passion.
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.