I can see the formation of a bat pattern in the 1h time frame of BTC-USDT. If such a pattern is indeed completed, we should see an upward movement towards the ceiling of the channel that I have mentioned about in my previous analysis. In the case, you fancy to trade such a set-up, pay attention that:
1- This is a low probability setup.
2- Do check so that...
In my previous post, I mentioned the $9400 resistance price area. The second resistance is at the $9900 price area. A plausible scenario is for the price to try the channel resistance once more and if not successful to break the resistance, we should anticipate a sharp downward movement to the bottom of the channel.
EURUSD in early Jun touched a multi-year resistance line. It is plausible that it will again try the higher-priced and if bulls can't break the resistance, we shall see the two price targets to be met by the end of July. A possible setup would be any SOR due to candlestick formation with the stop loss being placed slightly above the formed high.
Disclaimer: this...
