Long
SRMUSDT
Hello my dear friends, I hope you have a profitable day.
Candle has closed very attractively last week (: you don't think so).
The price is moving inside a descending channel, if the price movement is above the white range ($1.087), the probability of forming a trend similar to the drawn scenario is high.
Be sure to note that the price range of $0.915 has been maintained.
If it starts a corrective trend from these areas, there is a high probability of the price falling to the yellow area ($0.769).
We will be very happy to hear your comments.
Candle has closed very attractively last week (: you don't think so).
The price is moving inside a descending channel, if the price movement is above the white range ($1.087), the probability of forming a trend similar to the drawn scenario is high.
Be sure to note that the price range of $0.915 has been maintained.
If it starts a corrective trend from these areas, there is a high probability of the price falling to the yellow area ($0.769).
We will be very happy to hear your comments.
Note
The price range of $1.087 is fully covered, but in the four-hour time frame, we have the negative divergence of the RSI, but on the other hand, the previous ranges have been preserved in the corrective trends!!!There is still a 50-50 chance of both scenarios!
Note
I do not agree with the continuation of the upward trend, I do not have a signal for an upward trend.
If the correction trend is lower than the price range of $1.076 and if the price range of $0.993 is used in the continuation of the correction trend, the probability of a drop to the price range of $0.865 is high.
In my opinion, the possibility of forming a trend similar to the downward scenario is more likely.
Trade active
It has decreased by 12% from the specified range.
It seems that the correction process is not yet complete, considering the consumed range.
Trade closed: target reached
easily (:
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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.