After the growth of the price from its daily floor, it was able to settle in a side channel. Due to the approaching price of gold, this first issue, if it leaves this site channel from any side, can enter a buy or sell position. It was in this currency
The price has lost its upward momentum by reaching the resistance zone, and in case of confirmation, it is suitable for entering the short trading.
This is my favorite currency from which I have taken good swings many times and I am waiting to get a good swing for the third time, but this time in the long direction, it seems that a shoulder-to-shoulder pattern is taking shape and the price can grow well from here. Have
This currency, considering that it has attacked its resistance for the second time, two scenarios can be considered for this currency: the first scenario is the price falling to the previous floor and the second scenario is the formation of a head and shoulder pattern and the price moving upwards.
As can be seen in the chart of this currency, the price with a strong upward wave has been able to break the resistance level ahead and is weakly pulling back on the broken resistance. Long position and in case of losing this area is suitable for short position
We are in this value that the price is being rejected by reaching the resistance range, by issuing the confirmation candle, we can enter the short position.
In this width, we see that the resistance is broken in 4 hours, the set and the candle are closed for 4 hours above the resistance.
Due to the failure of the resistance in the time form, 4 hours after the pullback to the broken area, it is waiting for the top purchase in this supply.
[Since the price has reached a strong resistance in the daily time and 4 hours, which has been supported in the past, I expect this currency to fall to the range of $ 7.
✍🏻 This position from the point of view of Andrews's fork ✌️
Due to the inability of the price to break the resistance level and be rejected, the price is expected to continue to fall.
Due to the strong downtrend in higher time frames and price correction in the form of an ascending channel, I am waiting for a correction and short position in this currency.
Due to the failure of the daily support and pullback to the broken level, I expect an upward move to double the price and sell the sale on the currency line.
Bitcoin lost 29,000 support in a weekly timeframe and faced heavy selling pressure, driven by the announcement of the highest inflation rate in the last 40 years in the United States, which not only caused the crypto market to fall, but also the stock market to fall. Given this market reaction before the Fed meeting to announce an interest rate increase of 0.5 or...
Due to the structure formed in the higher time frame and the formation of the double-top pattern, I expect this currency to fall further
Due to the failure of the trendline in the 4-hour timeframe and the pullback to it and the creation of an ascending triangle pattern in the 1-hour timeframe, the price of this currency is likely to fall.
Due to the declining situation of the market and bitcoin, with the failure of this supportive position, I will be selling in this currency.
Given the selling pressure seen in this currency and the head and shoulders pattern that can be seen in higher timeframes, it is likely that this price support is currently engaged with it, and with the loss of this support A good profit can be made from this SHORT POSITION