We’ve struck the upward channel, interest will return, as CCI shows a resumption after breaking through -200, which signals buyers. According to the IAMM, the histogram is approaching 0, which also means that there are buyers on the market.
And so, 2 outcomes:
1. The return of value to the channel, namely to the liquidity zone 17.1 - 17.6, after which there will probably be a little consolidation, and after going to level 18.5, but there is strong resistance, there will be 6 times of testing (the more times the level is tested, the weaker it becomes ) Therefore, it can be assumed that the price gap is at this level, possibly with fixing.
2. A slight increase in value to 17.1 and after a rollback to level 16.5 and breaking through it with fixing under it. From there, hike to 15.7 (since the level was good support) with fixing above the level and a bounce to 16.5. By then we will probably see the intersection of MA50 and MA200. But just do not miss the fact that we can break through 15.7 and go lower.
And so, 2 outcomes:
1. The return of value to the channel, namely to the liquidity zone 17.1 - 17.6, after which there will probably be a little consolidation, and after going to level 18.5, but there is strong resistance, there will be 6 times of testing (the more times the level is tested, the weaker it becomes ) Therefore, it can be assumed that the price gap is at this level, possibly with fixing.
2. A slight increase in value to 17.1 and after a rollback to level 16.5 and breaking through it with fixing under it. From there, hike to 15.7 (since the level was good support) with fixing above the level and a bounce to 16.5. By then we will probably see the intersection of MA50 and MA200. But just do not miss the fact that we can break through 15.7 and go lower.
Trade closed: target reached
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