We need to get out from this sideway position to get a clear view about the market, but as a first view, the market will breaks the upper of this range with a high probability
Dear all, I think that we have to spot a good entry point within the level of 78% kind regards
Now we need the last confirmation to enter in a buy position, the next candle must be above the 50% of the fibonacci and then we can enter in the market because we can expect a bullish move with a high probability
We need to wait further more until the market reach the range of the oversold profile then we can spot a good buy entry and take a wise investment
For now, we can't take accurate decision to enter in a buy position because we are in the middle of the recent price change action, I suggest to wait until the test at the oversold situation ( the green support ) and then we can buy after the market confirms our view
After analyzing this bullish move we can state that the market really want to continue the uptrend and we are will supported also with the volume I think that we can enter in the market, we can expect that the market will go up until the test of the red resistance trend line
I think that the market need a corrective wave after the retest at this remarkable resistance SELL AT 1918 USD That can happen with a high probability
After seeing this strong bearish wave, it seems that we have difficulties to define the next trend of the market and also we have a lack in the volumes but anyway, we draw now this sideway range to tell that the market need to break the up of it and then we can buy, but if the market breaks the down of it then maybe we will comeback to the normal price variations.
We are in a good buy opportunity here because we have a lot of indications that supports us like the volume and also the tag team of the level 61 of fibonacci and the major support level in green
Dear all, Now we are again in a favorable buy situation and to activate a safe and easy investment at this market, that can run in the long term frame, But anyway the market will last in this bullish trend for a long while with a high probability
Now we saw that the market is rejecting the support level and can't go inside the range so this is a good opportunity to buy the market, put your SL at 33,40 and your TP at 35,01 Kind regards
the buyers are still in control but we can't guarantee if the market will continue up after reaching the level of 90, this level should be your target level where you should be out of the market and sell your shares for a better and safe investment
Now the market is in the range again so the validity of scalping is still activated
You can enter in a buy position to take a quick profit but anyway you have to focus more on your sell trade, Kind regards
The Market now is testing the 50% value of Fibonacci retracement, for now the market is trying to go up to the level of 61 but anyway this recent bearish move is very significant and powerful and it's very hard to judge that the market will go up
We saw that the market is now above the VWAP, if you are already in a buy position, you should prepare yourself to sell your shares because the 200MA indicates that the market may go down furthermore