Hello Traders, the price broken neck of h&s with retest it inside a descending channel but now faced a old horizontal support , only wait after broke it to confirmation we can take a sell position
Hello Traders , not safe to go buying from this levels without support but we can wait to price reach to broken support turned a resistance & touch top of descending channel to take a good selling position
multiple patterns formed in it .
btc is moving in specific downward channel
if channel break and retest then green and yellow are two scenarios.
white shows downward part and key market level
FOLLOW AND LIKE FOR MORE PRICE ACTION ANALYSIS
Standard Fib Pull from ATH to Covid Low PA sitting at .382 fib level and the POC of the entire range .
Loss of the .382 and we descend to the levels below , alternatively we stay within the current range
inside the descending channel .
I have marked an area of resistance for a potential short if the opportunity presents itself where Its
possible we...
ogn price is underated now . you can see desending channel in 1day and 4 hour chart and also triangle pattern in day chart .
the red line which is our support for both pattern . desending channel will be for day traders and triangle for long holders
