So far, price action as followed very predictable levels.
As expected, we had a bullish movement that broke 2.40 resistance, now support. This level, together the bottom of the rising channel, should keep price away from new lows.
Note that the middle of the channel is acting as resistance, but its more likely that it will eventually be broken and the top of the channel will be tested.
Invalidation with a daily close below 2.176.
As expected, we had a bullish movement that broke 2.40 resistance, now support. This level, together the bottom of the rising channel, should keep price away from new lows.
Note that the middle of the channel is acting as resistance, but its more likely that it will eventually be broken and the top of the channel will be tested.
Invalidation with a daily close below 2.176.
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📈 Experienced Crypto trader
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🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.