Dear Traders,
The price is inside an ascending triangle, and it is certain that we will see a definitive breakout above the previous high. However, the important point is whether wave 4 has completed and we are entering wave 5, or if we are still in the correction phase of wave 4. In case of a breakout and stabilization between 3380-3400, the price will continue its bullish trend. However, as long as this zone is not broken, I expect a correction towards around 3220-3240.
Regards,
Alireza!
The price is inside an ascending triangle, and it is certain that we will see a definitive breakout above the previous high. However, the important point is whether wave 4 has completed and we are entering wave 5, or if we are still in the correction phase of wave 4. In case of a breakout and stabilization between 3380-3400, the price will continue its bullish trend. However, as long as this zone is not broken, I expect a correction towards around 3220-3240.
Regards,
Alireza!
💰MY FREE FOREX CRYPTO SIGNALS TELEGRAM CHANNEL: : t.me/Alirezaktrade
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.
💰MY FREE FOREX CRYPTO SIGNALS TELEGRAM CHANNEL: : t.me/Alirezaktrade
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.