Ascending triangle pattern has emerged. This could trigger the road to $1 and beyond soon. Buy after break of above line and retest. Target: $ 1 SL: $ 0,685 Not financial advice. DYOR
Ready for liftoff. Target areas in blue. Good luck everyone!
Will we go as deep as that? I feel like we will restest the former strong resistand around 2100 sats as a support and then bounce to new highs. What are your thoughts on his?
HI guys, just wanted to share this breakdown of the current situation. On the strong move up some zones of resistance were created (blue zones). These now act as support zones when the price is moving down and as resistance when the price is moving up. The lowest blue zone will act as major support as this is the former long term resistance area we finally broke...
The structure on the left made during the bullrun is acting as a support on the recent break down. Currently I am neutral on what is happening next. But if it breaks the red diagonal and manages to closes above quit a bit we might see regained upward pressure. If it fails we will stay in consolidation for a while and might see some more downward pressure... good...
Will it break up or down.... after such a great run who knows...
So far we are doing great here. I'll be watching this closely. As long as we stay above the lower trend line we are ok. Any break below could mean a reversal and local top for now. Good luck and wish you all good profits! Click below idea to see my previous call on the brink of breakout.
WILL IT BREAK OUT WITH ENOUGH MOMENTUM TO FINALLY BREAK TO THIS STRONG RESISTANCE AREA.. I THINK IT DEFINITELY HAS A CHANCE.... LOVE TO HEAR YOUR THOUGHTS ON THIS!
We broke out of the descending triangle but finding resistance around 1800. Braking through this level could validate this flag formation. What is your take on this? Let me know in the comment section!
Forming another flag. looks bullish to me. What do you think?
Everything in chart. Let me know your thoughts!
We want to see a break above the triangle and retest (clear bounce) of the upper boundery before entering. What do you think, will we break above to more upside? Let me know in the comment section!
Everything in chart. Seems to be strong resistance though. Lets see if we can break out here which will validate the idea. What are your thoughts. Love to see them in the comment section below!
Looking great, lets see how it plays out...