*TREND iS BULLiSH
*SIDEWAYS SiNCE NOVEMBER 25th
*WE HAVE ALMOST 20% PULLBACK AND A LOWER HiGH
*IT'S POSSiBLE WE WILL HAVE A HiGHER LOW (WHiCH iS BULLiSH )
*CHART GAVE US A BEAUTIFUL RESiSTANCE LiNES POiNTED ON THE CHART AS RS1 AND RS2
*IT ALSO POSSiBLE WE HAVE AN ASCENDING CHANNEL WiTH THE LOWER TRENDLINE AT $11.7XX LEVEL
POSSiBLE SCENARiOS:
1.GREEN - UPWARDS. REPEATiNG THE GREEN FRACTAL WE'VE SEEN BEFORE. I POINTED iT WiTH A GREEN CiRCLES
2.YELLOW - SiDEWAYS iN A RANGE, BREAKING OUT OF THiS RANGE iN ANY DiRECTiON
3.RED - DOWNWARDS, FUD. BREAKiNG THE SUPPORT AT 11$ AND GOiNG BELOW iT. NEXT SUPPORT LEVELS ARE BETWEEN $9-$7
MY EXPECTATIONS:
-LINKUSDT HAS TO BREAK ABOVE RS1 TO CONFiRM ITS INTENTION TO GO HiGHER.
-BASED ON INDICATORS BLUE MFI SHOULD CROSS GOLDEN LiNE WHiLE GOiNG UP SHOWiNG US A BUY SiGNAL, ON A 4H CHART IT MAY OCCUR AROUND DECEMBER 26
OVERALL:
- I AM BiASED TOWARDS THE GREEN SCENARiO (#1). I'VE ALREADY ACCUMULATED LINKUSDT AT $12.9
- SUPPORT AT $11.7XX LEVEL WiLL CONFiRM AN UPWARD CHANNEL
- I AM GOiNG TO HEDGE MY POSiTION BY A OPENiNG SHORT POSiTION iN CASE OF SCENARiO 3
PUBLiCATiON IS LABELED AS NEUTRAL SiNCE I EXPECT 1 MORE WEEK OF SiDEWAYS
*SIDEWAYS SiNCE NOVEMBER 25th
*WE HAVE ALMOST 20% PULLBACK AND A LOWER HiGH
*IT'S POSSiBLE WE WILL HAVE A HiGHER LOW (WHiCH iS BULLiSH )
*CHART GAVE US A BEAUTIFUL RESiSTANCE LiNES POiNTED ON THE CHART AS RS1 AND RS2
*IT ALSO POSSiBLE WE HAVE AN ASCENDING CHANNEL WiTH THE LOWER TRENDLINE AT $11.7XX LEVEL
POSSiBLE SCENARiOS:
1.GREEN - UPWARDS. REPEATiNG THE GREEN FRACTAL WE'VE SEEN BEFORE. I POINTED iT WiTH A GREEN CiRCLES
2.YELLOW - SiDEWAYS iN A RANGE, BREAKING OUT OF THiS RANGE iN ANY DiRECTiON
3.RED - DOWNWARDS, FUD. BREAKiNG THE SUPPORT AT 11$ AND GOiNG BELOW iT. NEXT SUPPORT LEVELS ARE BETWEEN $9-$7
MY EXPECTATIONS:
-LINKUSDT HAS TO BREAK ABOVE RS1 TO CONFiRM ITS INTENTION TO GO HiGHER.
-BASED ON INDICATORS BLUE MFI SHOULD CROSS GOLDEN LiNE WHiLE GOiNG UP SHOWiNG US A BUY SiGNAL, ON A 4H CHART IT MAY OCCUR AROUND DECEMBER 26
OVERALL:
- I AM BiASED TOWARDS THE GREEN SCENARiO (#1). I'VE ALREADY ACCUMULATED LINKUSDT AT $12.9
- SUPPORT AT $11.7XX LEVEL WiLL CONFiRM AN UPWARD CHANNEL
- I AM GOiNG TO HEDGE MY POSiTION BY A OPENiNG SHORT POSiTION iN CASE OF SCENARiO 3
PUBLiCATiON IS LABELED AS NEUTRAL SiNCE I EXPECT 1 MORE WEEK OF SiDEWAYS
Note
* PRiCE iS MOViNG ACCORDiNG TO THE PLAN* WE MAY ALREADY FOUND SUPPORT AT $11.7$$ LEVEL
*iT'S A STRONG HORiZONTAL SUPPORT LEVEL AND ALSO A SUPPORT LEVEL PROViDED BY A COUNTER TREND LiNE FROM A PREViOUS BULLiSH BREAKOUT HAPPENED 16th DECEMBER
*WE STiLL IN DANGER TO FALL BELOW THE SUPPORT, SO I AM STAYiNG AWARE AND READY TO OPEN A MARGIN SHORT POSiTION TO HEDGE MY LONG POSiTION
Note
WE ARE GETTiNG CLOSER TO THE YELLOW LiNE BETWEEN 26-27 DECEMBER, WHERE POTENTIALLY WE MAY GET ANOTHER BUY SIGNAL FROM MY 4H MFI: BLUE MFI CROSS THE GOLDEN MA . THAT'S WHERE WE CAN FINALLY REVERSE TO UPWARDS
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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.