We've been in a bullish channel for a good hot minute.
From the 4hour chart, it looks like we'll remain in the channel.
But there are signs that this move is starting to get a little shaky on the daily and weekly chart.
So gonna keep an eye on this pair to see when the big drop is gonna happen.
Otherwise, my swing trade outlook goes to the monthly SR level at the moment -- as long as we continue to stay in the channel.
BULL TPS:
BEAR TPS:
If we break out of the channel...
From the 4hour chart, it looks like we'll remain in the channel.
But there are signs that this move is starting to get a little shaky on the daily and weekly chart.
So gonna keep an eye on this pair to see when the big drop is gonna happen.
Otherwise, my swing trade outlook goes to the monthly SR level at the moment -- as long as we continue to stay in the channel.
BULL TPS:
- 1.63487
- 1.64018
- 1.65135
- 1.66041
BEAR TPS:
If we break out of the channel...
- 1.62096
- 1.61175
- 1.60126
Note
BEAR TP 1 WAS HIT!But this has been a slow-moving week. Waiting for something to wake it up a bit more.
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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.