Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
CGPT TOKEN IN A CLEAN MANNER.
As we can see price previously broke above our range market and traded higher, then bulls took over!
However, price got stuck inside this symmetrical triangle, and the range is getting narrower and narrower!
Then we need some confirmation, for the bulls to take over we need a break above the upper swing high, then the bulls will remain in control and a movement higher would be expected.
However, for the bears to take over we need a break below the marked major swing low, which will result in new bearish movement till the lower minor support zone,
Where we will be looking for new longs.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
CGPT TOKEN IN A CLEAN MANNER.
As we can see price previously broke above our range market and traded higher, then bulls took over!
However, price got stuck inside this symmetrical triangle, and the range is getting narrower and narrower!
Then we need some confirmation, for the bulls to take over we need a break above the upper swing high, then the bulls will remain in control and a movement higher would be expected.
However, for the bears to take over we need a break below the marked major swing low, which will result in new bearish movement till the lower minor support zone,
Where we will be looking for new longs.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!