mahdiimeni

mahdiimeni

There are two bearish weekly order blocks above the price and the price is under the channel resistance level ... What do you think?

mahdiimeni

The weekly liquidity at $18500 has mitigated. But there is another one at $17500, so I think the price will be able to move to $29000 from here if the liquidity is strong enough. Otherwise, there are two other scenarios.

mahdiimeni

Bullish market? I don't think till the price is under $32600 !! But, It will be able to move to, 23000 - 25000 level for a short term trend. What do you think?

mahdiimeni

--- Weekly Time Frame - Bearish weekly channel - Three scenarios

mahdiimeni

I see lots of bearish signals! 1. Two channel resistance! 2. Bearish candle stick patterns (both H4 and Daily time frames) 3. Static resistance zone 4. RSI over bought 5. Fibonacci extension resistance level (1.618) What do you think?

mahdiimeni

What's your opinion? Is this a chart pattern? Bearish Rising Wedge ?!

mahdiimeni

I think there is an approved double bottom on H4 time frame.

mahdiimeni

It's just a personal idea! I drew this pitchfork on 22 Jul '21, and it's worked well until now.

mahdiimeni

There is no need to explain!

mahdiimeni

There is no need to explain!

mahdiimeni

Just look at the chart!

mahdiimeni

I think there is a broken chart pattern (Bearish Rising Wedge) on the daily time frame! What do you think?

mahdiimeni

It's just an idea!