Technical analysis using Trend lines and S/R levels
As we can see in 1D chart we are clearly in a Symmetric triangle.
Its target on the upside is 5700 $ (less likely),
and on the downside is 2550$ .
Now , lets us analyse the current situation,
we can see in 4H chart we had a whooping 350$ - 400$ pump
after breaking the falling wedge.
It wants to test the 3800$ resistance (more precisely 3789$)
but the bulls look weak in the current stage,
we can see a retracement till 3485$ - 3468$ before heading upside to test 3800$ resistance.
CURRENT BATTLE PLAN ::
we are shorting from 3600$ - 3630$
For full signal, join our telegram channel or mail me at 181shakirgmail.com
http://t.me/joinchat/AAAAAESeJYN7nuNOcRb5rA
Do not forget to like and subscribe if you find it useful.
THANK YOU!!
Its target on the upside is 5700 $ (less likely),
and on the downside is 2550$ .
Now , lets us analyse the current situation,
we can see in 4H chart we had a whooping 350$ - 400$ pump
after breaking the falling wedge.
It wants to test the 3800$ resistance (more precisely 3789$)
but the bulls look weak in the current stage,
we can see a retracement till 3485$ - 3468$ before heading upside to test 3800$ resistance.
CURRENT BATTLE PLAN ::
we are shorting from 3600$ - 3630$
For full signal, join our telegram channel or mail me at 181shakirgmail.com
http://t.me/joinchat/AAAAAESeJYN7nuNOcRb5rA
Do not forget to like and subscribe if you find it useful.
THANK YOU!!
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