The market created a triple top on the monthly support ton 17$.
As I said in my previous analysis, (www.tradingview.com/...g-the-4h-resistance/) After the breakout of 19$ resistance the price got liquidity and created aa big bullish impulse
On the 4h timeframe the price is creating a pennant below the monthly resistance on 26.5.
How to approach?
The price could have a false breakout and retest the 23.6$ support and get the new liquidity. If the price is going to have a breakout from the monthly and daily resistance (27.4$) we could see a bullish continuation. The next valid resistance is 27.38$
As I said in my previous analysis, (www.tradingview.com/...g-the-4h-resistance/) After the breakout of 19$ resistance the price got liquidity and created aa big bullish impulse
On the 4h timeframe the price is creating a pennant below the monthly resistance on 26.5.
How to approach?
The price could have a false breakout and retest the 23.6$ support and get the new liquidity. If the price is going to have a breakout from the monthly and daily resistance (27.4$) we could see a bullish continuation. The next valid resistance is 27.38$
Kommentera:
The price is following my drawing, got liquidity from the daily support and now the market wants a new breakout from the daily resistance
don't miss it!
don't miss it!
We are waiting for the breakout of the monthly resistance.
Don't miss it