Bearish forecasting possibilities Price Action Supply & Demand
Price Action Supply & Demand
Price action is bearish overall -> Multi-timeframe analysis Head & Shoulders pattern currently present. 1st Sell entry is in profit and stop has been moved to B/E. 2nd entry has been initiated with stops above M30 resistance / Structure. Target is Daily Demand Zone.
Bearish Bias / Price Action details
Monthly timeframe broke major support and has rejected significant resistance (Weekly Triple Top price pattern). Monthly seems to be forming the first Lower Higher after the break of Monthly Support (1st selling opportunity based on the Monthly timeframe). Price could break the Monthly/Weekly Trend Line and retest before making a strong trend to the 98 level of...
Bearish Daily Structure 61.8 Daily Fib Price Reversal Zone Price Action
Price Action. Supply & Demand. Price Pattern. - Price could be heading up to 0.45 area based on price pattern breakout. Overall Bullish market flow, price is correlated with BTC which is also bullish. - From there we could have consolidation -> continuation to the upside if buyers are able to maintain control.