ALPHA POTENTIAL UPSIDE BREAKDOWN? an adjustmentI added fib extension and ma 7&25 as well, and also you can see the pivot of the downward trend, I was thinking the pivot as a really strong support line but before that fib support took place.
First of All, what I will say is not an INVESTMENT RECOMMENDATION, DYOR.
Okay so, NEVER FORGET THAT, CONSECUTIVE DIPS are a part of this game. Therefore I expect another correction and deep session today, tonight...... But in general, The upper resistance of downward parallel channel will be retested, so basically 1.72-1.76 is the first target to test. What is a bad scenario? Can you see the pivot of downward parallel channel 1.34-1.36? Yes, Alpha can test there in a bad scenario. There are two perfect quotes that I really like.
"nothing so bad but it might have been worse" "market can remain irrational longer than you can remain solvent meaning"
which tells us Alpha can test the downward channels support line which basically around 1$, I wont even give a exact number since I don't believe it is possible but still.. you know I need to tell every possibility.
Whatsoever, without regarding another correction (which I expect to get one more tonight), I think alpha gave us an opportunity to buy. TP1 1.75 , stay calm and follow up the bullish prospect.
