Market seems bullish.
A retracement within the grey resistance zone might occur, towards 225, with entry opportunities.
Or entries over resistance zone seem safe and with a high Risk/Reward ratio.
2 candles (2 days) over the zone should confirm the trade.
RSI is heading north and +DI/-DI lines just crossed.
ADX heading towards range, so market could take a while to continue its growth.
Targets will be 275 - 300 - 320 and so on, using both Fibonacci Extensions from April rally and July swing.
I will trade based on patterns on the 1H, 2H, 4H charts.and Japanese Candlesticks.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
A retracement within the grey resistance zone might occur, towards 225, with entry opportunities.
Or entries over resistance zone seem safe and with a high Risk/Reward ratio.
2 candles (2 days) over the zone should confirm the trade.
RSI is heading north and +DI/-DI lines just crossed.
ADX heading towards range, so market could take a while to continue its growth.
Targets will be 275 - 300 - 320 and so on, using both Fibonacci Extensions from April rally and July swing.
I will trade based on patterns on the 1H, 2H, 4H charts.and Japanese Candlesticks.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
Note
Market rejected last resistance level 259.9. Still bullishTrade active
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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.
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.