I think a short term pullback to a triple bottom at $1.20 - $1.17 is likely. We have big confluence for this move down - most explained in the chart above.
I'll be waiting on candle closures if we do fall to the grey box at $1.20. and be considering price moving up from there!
I've pointed each point of analysis, enabling you to see exactly where i'm coming from in regards to the confluence.
Let me know what you guys think.
I’m a 23 year old trader with 5 years experience in trading cryptocurrency & forex. My ideas are for educational purposes only. Each & every idea/trade I post is a setup based on a position I myself will take - so I’m always in it with my followers.
I post daily updates on how I believe the market will move. If you like my content please like, comment & follow. I love to hear what you guys think, whether your outlook is the same or different to mine its always great to converse in the comments. Let’s surround ourselves with likeminded traders & investors!
Have a great day, be patient & profitable!
I'll be waiting on candle closures if we do fall to the grey box at $1.20. and be considering price moving up from there!
I've pointed each point of analysis, enabling you to see exactly where i'm coming from in regards to the confluence.
Let me know what you guys think.
I’m a 23 year old trader with 5 years experience in trading cryptocurrency & forex. My ideas are for educational purposes only. Each & every idea/trade I post is a setup based on a position I myself will take - so I’m always in it with my followers.
I post daily updates on how I believe the market will move. If you like my content please like, comment & follow. I love to hear what you guys think, whether your outlook is the same or different to mine its always great to converse in the comments. Let’s surround ourselves with likeminded traders & investors!
Have a great day, be patient & profitable!
