Hello everyone, analyzed the ELF/BTC pair
Formation of a bullish triangle with a squeeze towards resistance.
Do not forget that such triangles flash upward, false breakout and price rollback.
This pair, very dangerous as it is visible, triggers on candlesticks where many traders are left locked up.
Trading this pair can bring a potential profit of up to 40%
But there is a possibility that a collapse will occur. It is best to consider a position on a 30-minute timeframe. And also, wait for confirmation of breaking the level.
I do not trade this pair, but I know many traders recommend it. Therefore, assess the risks correctly.
The trading chart shows all levels at which you can work both short and long.
Keep track of the levels and may the profits come with you.
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system."
"Have a nice day everyone and come."
Formation of a bullish triangle with a squeeze towards resistance.
Do not forget that such triangles flash upward, false breakout and price rollback.
This pair, very dangerous as it is visible, triggers on candlesticks where many traders are left locked up.
Trading this pair can bring a potential profit of up to 40%
But there is a possibility that a collapse will occur. It is best to consider a position on a 30-minute timeframe. And also, wait for confirmation of breaking the level.
I do not trade this pair, but I know many traders recommend it. Therefore, assess the risks correctly.
The trading chart shows all levels at which you can work both short and long.
Keep track of the levels and may the profits come with you.
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system."
"Have a nice day everyone and come."