SLPUSDT
Updated
Hi again
There is a possibility that the price can raise itself up to the yellow area, $0.00414!
1) We must not forget that the price range of $0.00358 in the daily time frame has been engulfed!
2) On the other hand, RSI has a positive divergence in the daily time frame!
3) Currently, in the one-hour time frame, the price inside a pattern is a triangle!
Do you think the downward trend line will break upwards!!?!!
I believe that according to the drawn scenario, we will have a downward trend up to the range of $0.00341, and if the price does not fall below the yellow range ($0.00319), there is a possibility of completing a wedge at the end of the descending channel.
There is a possibility that the price can raise itself up to the yellow area, $0.00414!
1) We must not forget that the price range of $0.00358 in the daily time frame has been engulfed!
2) On the other hand, RSI has a positive divergence in the daily time frame!
3) Currently, in the one-hour time frame, the price inside a pattern is a triangle!
Do you think the downward trend line will break upwards!!?!!
I believe that according to the drawn scenario, we will have a downward trend up to the range of $0.00341, and if the price does not fall below the yellow range ($0.00319), there is a possibility of completing a wedge at the end of the descending channel.
Trade active
It should be noted that the $0.00398 price range has not been consumed in the upward trend!!!The uptrend line has been broken, it is possible that the price will not return to the yellow zone ($0.00414).
Trade closed: target reached
Today's meeting was very important and considering the current conditions, the probability that the rate will be announced higher than expected was high (of course, I did not expect this number.)And finally, our sales transactions are profitable.
Trade closed: target reached
The price trend reached the range we specified last week (:To be successful, we just need to be a little more patient than others.
If the trend does not go below the price range of $0.00306, the probability of completing the bearish wedge pattern at the end of the bearish trend increases, and in this case we can expect the formation of an upward trend.
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