Hello everyone
The price has risen forming a bullish channel, now the price has decreased forming a bearish channel within the main channel.
The price has reached 50% fibo between the 0.5 and 0.618 fibonacci level. Tracing a fibonacci from the break of the bearish channel we could have an entry at the 0.618 fibonacci level (orange) (31.99) to go long to the -0.272 (39.93) level.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
The price has risen forming a bullish channel, now the price has decreased forming a bearish channel within the main channel.
The price has reached 50% fibo between the 0.5 and 0.618 fibonacci level. Tracing a fibonacci from the break of the bearish channel we could have an entry at the 0.618 fibonacci level (orange) (31.99) to go long to the -0.272 (39.93) level.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
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.
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.