Two important scenarios on the scene!
Hi there!
For ABC scenario our expectation should be rejection from support1 or support 2 and as result it can be a trend continuation to the upside.
The broadening wedge-triangle scenario can happen a few different ways but the most logical is rejection from support 3 level and trend continuation to the upside.
Because the ATH was broken, I don't think price will go under 50k in this cycle!
Good luck traders and holders
For ABC scenario our expectation should be rejection from support1 or support 2 and as result it can be a trend continuation to the upside.
The broadening wedge-triangle scenario can happen a few different ways but the most logical is rejection from support 3 level and trend continuation to the upside.
Because the ATH was broken, I don't think price will go under 50k in this cycle!
Good luck traders and holders
Note
Double top area or new ATH?
Or a deeper correction?
Price now on beck test level of triangle
good luck traders
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Take care
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
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.
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
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.