(Daily timeframe analysis)
-My expectation the current price will retest around Supply zone at 9.020 and 9.115
-The swap zone will become a strong supply zone
-The breakout area at 9.000 is a sign for another upcoming Bear run
-Theres a lot of price action at 9.000 support area when lowering timeframe
-Compression appeared at current price,BOOM we have another price action
-Based on my experience,usually after breakout + compression there would be a big drop after the price approach the supply zone
My conclusion:-
Wait for the price to approach at the demand zone around 8.520 and 8.455 first then wait for another price action. What price action need to look at? just wait for a price rejection when the price approach at demand zone.It will be a good sign if the price do a rejection.After that maybe the price will going up till the Swap zone area around 9.545 and 9.670.
Okay thats all,Thank you for willing to read my idea. Its just my 2 cents btw.
(I am not a financial advisor, Im here because i love to share my analysis)
''Ohh btw,Sorry my english is bad. I hope my english will be better soon! HAHAHA''
Have a nice day everyone!
-My expectation the current price will retest around Supply zone at 9.020 and 9.115
-The swap zone will become a strong supply zone
-The breakout area at 9.000 is a sign for another upcoming Bear run
-Theres a lot of price action at 9.000 support area when lowering timeframe
-Compression appeared at current price,BOOM we have another price action
-Based on my experience,usually after breakout + compression there would be a big drop after the price approach the supply zone
My conclusion:-
Wait for the price to approach at the demand zone around 8.520 and 8.455 first then wait for another price action. What price action need to look at? just wait for a price rejection when the price approach at demand zone.It will be a good sign if the price do a rejection.After that maybe the price will going up till the Swap zone area around 9.545 and 9.670.
Okay thats all,Thank you for willing to read my idea. Its just my 2 cents btw.
(I am not a financial advisor, Im here because i love to share my analysis)
''Ohh btw,Sorry my english is bad. I hope my english will be better soon! HAHAHA''
Have a nice day everyone!