Please support this idea with LIKE if you find it useful.
Price broke the Symmetrical Triangle to upward and also crossed the 50 MA.
However we now face the Ichi Cloud resistance zone + 200 MA. Due to this we can consider to initiate a long position only if there is a confirmed breakout of Ichi Cloud resistance zone.
Otherwise it can be a rejection with a subsequent decline.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price broke the Symmetrical Triangle to upward and also crossed the 50 MA.
However we now face the Ichi Cloud resistance zone + 200 MA. Due to this we can consider to initiate a long position only if there is a confirmed breakout of Ichi Cloud resistance zone.
Otherwise it can be a rejection with a subsequent decline.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.