💎 CKB has recently displayed noteworthy market dynamics, experiencing a significant upward movement towards the bearish OB and supply area.
💎 Should CKB successfully break out above the supply zone, this could signify a bullish momentum, the probability leading to substantial upward movement towards our target strong resistance area.
💎 However, if CKB fails to breach the supply zone, we may witness a rejection, prompting a downward movement towards the demand area around 0.099 to initiate a new momentum.
💎 Upon reaching the demand area, it is crucial for the price to bounce back upwards if there is an intention to resume the upward trajectory and attempt another breakout.
💎 Failure to bounce, or worse, a breakdown below the demand area, would indicate bearish sentiment, resulting in continued downward movement and a potential retreat to the accumulation zone area.
💎 Should CKB successfully break out above the supply zone, this could signify a bullish momentum, the probability leading to substantial upward movement towards our target strong resistance area.
💎 However, if CKB fails to breach the supply zone, we may witness a rejection, prompting a downward movement towards the demand area around 0.099 to initiate a new momentum.
💎 Upon reaching the demand area, it is crucial for the price to bounce back upwards if there is an intention to resume the upward trajectory and attempt another breakout.
💎 Failure to bounce, or worse, a breakdown below the demand area, would indicate bearish sentiment, resulting in continued downward movement and a potential retreat to the accumulation zone area.
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.