Price brokeout the ressistance
and forming reversal wedge,
need breakout of wedge_ressistance (0.618 F lvl - good assumption)
to continue rising impulse.
One more scenario is correcting to strong support+1.272 F lvl(on the background prediction about BTC fall to form C-leg) and go.
Use F lvls 0.618 or 0.786 of Descending trend as targets
and forming reversal wedge,
need breakout of wedge_ressistance (0.618 F lvl - good assumption)
to continue rising impulse.
One more scenario is correcting to strong support+1.272 F lvl(on the background prediction about BTC fall to form C-leg) and go.
Use F lvls 0.618 or 0.786 of Descending trend as targets
Trade active
Trade active
Note
Great work of Demand zone, but now I tend to 2nd option - price will go to Strong support on background bearish BTC situationNote
Good work of Demand zone+0.618 lvl
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Telegram channel: t.me/SupernovaElite
Related publications
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.