The 4-hour chart is in the Bollinger Bands and is trading sideways. As the saying goes, it is cold at high places. Since the bull market has not reached a new high, the gold price opened low in the morning. There was a rebound and pull-up during the period, but the highest rebound to 2744 was just barely filling the gap of the low opening. Then the short-term...
Judging from the current market trend, we will rely on the 4-hour support to arrange long orders. The upward trend channel support is near 2720, and the low point of the early trading is near 2724. The previous pattern support is near 2715-20, so it is our opportunity to arrange long orders near this position. The short opportunities are 2748 and 2758. At present,...
I Agree About The Clear Bull Flag Formed At The High Timeframe And Of Course It’s a Bullish Pattern But I Can See a Rising Wedge At Lower Timeframe And Its a Bearish Sign In a Short Term Before Any Breakout From The Main Bull Flag My Priority Plan Is Breakdown The Rising Wedge Toward a 60k As a Main TP And In a Worst Scenario Dump To The 50k Area Before New...
Bitcoin 4-hour strategy signal chart, target 71000,
It makes sense for us to go long on USOIL right now from the support line below with the target of 71.75 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
By observing the chart, we can see that the price fell to the seller's area a few days ago, then rebounded and rose to 1.1150 points, and then turned around and fell back. Then the price started trading inside the wedge, rose from the support line to the resistance line in a short period of time, and then turned around and began to fall. Soon, the price fell to...