What will February bring? So many areas and trends to focus on..
In order of most activity or strongest to weakest.
1) An active horizontal area of support and resistance since Jan 1 (white lines).
2) Downward and upward trend lines forming a wedge pattern
3) An upward trending channel we entered in the last week of January and are trying to re-enter.
Negative volume has subsided and it appears that we are more likely to trend up than down. However for now we are pointing to the downside.
I was delighted to see at least a couple of YT crypto channels following my same pattern I have here. So at least I know I'm on the right track. Happy charting and much continued success in February.
1) An active horizontal area of support and resistance since Jan 1 (white lines).
2) Downward and upward trend lines forming a wedge pattern
3) An upward trending channel we entered in the last week of January and are trying to re-enter.
Negative volume has subsided and it appears that we are more likely to trend up than down. However for now we are pointing to the downside.
I was delighted to see at least a couple of YT crypto channels following my same pattern I have here. So at least I know I'm on the right track. Happy charting and much continued success in February.
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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.