Hi dear traders
As you saw in the previous analysis, the price went down to the area of 1450$.
The price is trying to break the ceiling of the descending channel and is in a bearish flag.
EMA100 acts as a resistance, in case of failure, it can climb up to the 1637$ area.
Otherwise, it will go down to the support area of 1323$ to 1385$.
Long was completed after breaking the bearish flag.
Short after breaking the resistance zone.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
As you saw in the previous analysis, the price went down to the area of 1450$.
The price is trying to break the ceiling of the descending channel and is in a bearish flag.
EMA100 acts as a resistance, in case of failure, it can climb up to the 1637$ area.
Otherwise, it will go down to the support area of 1323$ to 1385$.
Long was completed after breaking the bearish flag.
Short after breaking the resistance zone.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Comment:
Previous analysis
Comment:
Price bounced from 1637$
Now short position activ
Now short position activ
Trade active
Comment:
Tp1 1550
Tp2 1500
Tp3 1450
Tp4 1400
Tp2 1500
Tp3 1450
Tp4 1400
Comment:
Tp1 hit ✔