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Harmonictraders

Life of a currency (wabi)This analysis is purely a personal analysis... Analytical tools: 1.Elliott Waves 2. Classic channeling 3.Macd indicator 4.Harmonic pattern The currency is in a downward trend, which in Elliott terms is a combination The bearish trend is expected to end soon and two prices are set to reverse the trend Of course, increasing the trading volume is one of the important aspects in reversing the trend The possibility of forming a harmonic pattern is very high because the butterfly pattern can reverse the trend
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by cafe_chart_
BTCUSDT is testing the resistance!!!On the weekly timeframe the price is testing the previous weekly resistance as new support, 0n 0.5 - 0.618 Fibonacci level. The current Weekly candle needs to close above the weekly structure. On the daily timeframe , the price is creating a channel between the monthly structures (32k and 48k ) on the 4h timeframe, the price is creating an ascending channel and the price is testing the 0.786 Fibonacci level on the weekly support. How to approach? The price is in a key zone. If the price is going to hold the weekly support we could see a bounce until the previous daily resistance on 44800, where the price has the M's neckline. Otherwise, If the price is going to lose the support, the next Valid support si 40k
by GodzillionaireTraders