NAV Ready for bullish Move! But!
As I have drawn all the important support and resistance key levels, the trend from here is looking bullish but only in following case:
- The candle which I have circled has opened above the monthly level at 1346 sats. The candle has also wicked below this level and it was rejected, indicates that this level is a support.
Now this candle has to break the upper trend line resistance at 1455-1460 zone, if it wicked past this level and a new candle is formed above this level then the move will be bullish from there and we can see a 20 to 25 percent rise.
If you have any questions u can ask me in the comments section.
Trade save.
- The candle which I have circled has opened above the monthly level at 1346 sats. The candle has also wicked below this level and it was rejected, indicates that this level is a support.
Now this candle has to break the upper trend line resistance at 1455-1460 zone, if it wicked past this level and a new candle is formed above this level then the move will be bullish from there and we can see a 20 to 25 percent rise.
If you have any questions u can ask me in the comments section.
Trade save.
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.