everything mostly in Graph. as you can see with VP, we are in a good demand Zone. we bounced 1 time on EMA50, 1 more time on EMA100.
i used H4 TF for more visibility.
3 options :
1. We break this descending Triangle now, we could have a resistance around 0.7$, we could push 0.85ish and max 1$
2. We don't break the triangle now, we could retrace to 0.55$ (EMA100) and bounce again for a break to go to option 1 (but lower high).
3. We don't break the triangle now, we retrace to EMA100 0.55% and dip to to EMA200 0.45$.
imo the situation is bullish for now so i mostly like Option 1 and 2. Watch the King first and alts will do their way.
No matter where u take your positions but avoid to trade near triangle borders.. patience is a vertue.
Happy Tr4Ding !
i used H4 TF for more visibility.
3 options :
1. We break this descending Triangle now, we could have a resistance around 0.7$, we could push 0.85ish and max 1$
2. We don't break the triangle now, we could retrace to 0.55$ (EMA100) and bounce again for a break to go to option 1 (but lower high).
3. We don't break the triangle now, we retrace to EMA100 0.55% and dip to to EMA200 0.45$.
imo the situation is bullish for now so i mostly like Option 1 and 2. Watch the King first and alts will do their way.
No matter where u take your positions but avoid to trade near triangle borders.. patience is a vertue.
Happy Tr4Ding !
Note
Fib ChanNote
Stronger than others for now.Note
quick update. expecting a bounce to 0.6+ 
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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.