Now is the best moment to go up! I will describe below the main thoughts on this movement.
for all traders who are ready to get into the big team, and try their hand at the competition of traders, welcome to the 13cartel.com
for all traders who are ready to get into the big team, and try their hand at the competition of traders, welcome to the 13cartel.com
Note
Since the price respects this level, we can conclude that this is a strong level of resistance, reflecting on it 5 times! having also formed 3 rebounds from the support level, the price has formed a wedge with a rising base, with the latest rebound, indicators on the buyers side, which gives a chance for a possible break through the resistance line and fixing the price higher
Note
The height of the wedge itself also indicates the movement in this direction. When confirming the shape, it should penetrate the distance to a strong resistance level from 2017
Note
but also along with this, if the wedge is not confirmed and the price goes below, a downward triangle is formed, which heralds a decline to the level of 1750
Note
Note
false breakdown, collected stop limits
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.