Long

Alikze → YFI |Descending channel failure

Updated

In times H4 and H8, after the breakdown of the descending channel in the form of a pullback to the range of $7500 and confirmation of the continuation of the trend, it is possible to reach the specified supply area according to the important resistance range, as well as the neck line of the range of 7500, with the support of this range, the ability to reach The first demand range is specified and then it will be up to $10,000.
🟩Sup: 7500
⛳️Tp1: 8280 - 8440
⛳️ Tp2 :8440
⛳️ Tp3 : 10000
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Note

With a candle that is shadowed to support that this candle can collect liquidity to continue the trend and advance in the direction of the trend up to the first range of supply.

Note

After the pullback, it was broken into the descending channel and the stabilization above 7500 touched the first supply area and the next candle was a rejection which liquidated the selling positions and penetrated to the second supply area and around the specified resistance of this candle. However, after the failure of the current zone, it will have the ability to grow to the next supply zone.
Of course, we had also set a buy position, but after the stop buy position, unfortunately, after touching the support area, this growth...

Note

According to the movement path, the targets were touched. It has experienced more than 58% growth so far.
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alikze

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