Quick example of two possibilities Retracement or breakdown
167
Short rally on hype. I don't expect people to hold too long. High Potential for the future but i'm not ready to hold a long position. Made some quick profit and i will buy the dip with said profit. Most people just double there money and move on. Some buy and hold. Others squeeze every gain they possibly can before exiting a trade. I'm not giving a forcast or investment strategy here. It could swing either way. Good luck to you traders.
Note
manipulation from traders on a trending asset is proving to be a regular occurence with short lived aspiration. I will continue to monitor and see if the trend merges with preexisting patterns on the chart.
Note
trading moving sideways with choppy trades getting closer and closer together. the retracement pattern is rapidly forming the current trading pattern sell pressure is starting
Note
indecisiveness or just pure manipulation took over a month to drop to my low forcast that is bad news because now the market is at borderline resistance. probably take another month before the low at 1.14 could drop even lower so just watch closely and monitor the news traffic.
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.
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.