Keeping it simple!
ETN respecting down trend since its pump in mid May.
Bullish divergence on CCI.
Slowly approaching support level where 61.8% fibs was respected previously.
Coincides with uptrend drawn from initial breakout from consolidation on 21st April.
Potential long opportunity from demand block/uptrend/support intersection with tight SL.
Or wait for breakout of down trend and retest up-trend for confirmation of support.
Ensure SL is below previous market structure. A big move from BTC could change everything. Trade at your own risk.
Are you ready to learn to Technical Analysis?
Send me a message.
ETN respecting down trend since its pump in mid May.
Bullish divergence on CCI.
Slowly approaching support level where 61.8% fibs was respected previously.
Coincides with uptrend drawn from initial breakout from consolidation on 21st April.
Potential long opportunity from demand block/uptrend/support intersection with tight SL.
Or wait for breakout of down trend and retest up-trend for confirmation of support.
Ensure SL is below previous market structure. A big move from BTC could change everything. Trade at your own risk.
Are you ready to learn to Technical Analysis?
Send me a message.