As you can see in the chart. The price has reached strong resistance. When the red line breaks, the head and shoulder pattern is confirmed. When the red line breaks around the price of 12.80-12.70, the entry trigger is issued .
Also we have bearish divergence on RSI and volume decreasing.
Entry Price : By breaking red line
TP 1 : 11.95 $
TP 2 : 11.5 $
TP 3 : 10.80 $
From Elliott's point of view, as It's clear, we are at the end of wave 4 and the beginning of wave 5.
From the classical point of view, after forming the ascending wedge and nice pullback , we'll see 26600$ again soon in the first step .
In our opinion, 26600 $ is unlikely to act as a strong support. Rather, we believe that the number 22,500 $ will be seen and...
Entry Price : 0.5408 - 0.55
TP1 : 0.5885 $
TP2 : 0.615 $
TP3 : 0.638 $
Stop Loss : 0.514 $
As it turns out, A flag pattern is finishing in 1 hour time frame. It is a good opportunity for scalper by entering in sweet zone .
