Hello my dear friends
At the end of the descending channel, a tight movement is formed in the daily time frame!
The possibility of the price exiting from compression is both upward and downward.
But whichever way it exits, it will definitely be a very fast move (:
For me, it would be better to wait and enter the trade if the trend moves above $0.0616.
----> At the end of the trend, both ICHIMOKU and RSI issued a signal of formation of an uptrend.
It would be great if you share your thoughts with us.
At the end of the descending channel, a tight movement is formed in the daily time frame!
The possibility of the price exiting from compression is both upward and downward.
But whichever way it exits, it will definitely be a very fast move (:
For me, it would be better to wait and enter the trade if the trend moves above $0.0616.
----> At the end of the trend, both ICHIMOKU and RSI issued a signal of formation of an uptrend.
It would be great if you share your thoughts with us.
Note
Please note; The trade will not be activated until the price movement moves above the yellow zone ($0.0616).Note
If the price range of $0.039 is maintained, the possibility of forming a head and shoulder pattern at the end of the downtrend is strengthened.As a result, the probability that it will come out of the compression from the top side and form a trend according to the scenario increases.
Trade active
The first target was touched!Especially now, considering the use of the $0.0616 range, the possibility that the yellow range ($0.0439) caused the price reaction and the formation of an upward trend up to the specified range has been strengthened.
Trade active
We had a 19% increase from the marked yellow area, we have to see which area the price reacts to
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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.