Hello, dear traders, subscribers and visitors of TradingView! Lemon Insiders team has prepared for you a fresh daily analytics, look!
Today analytics will be considered on Bitfinex example.
For several days in a row, the price goes between two important levels of 6600 and 6800. Yesterday’s expiration of futures had not surprised us, there was no “helicopter”, as we wrote in the last analysis.
From the main: on the 4H time frame there are two variants of the patterns that have been formed. The first is a bull pennant , that is, continued growth after consolidation above its upper boundary, and the second is a descending triangle , which leads to a change in trend, in our case from locally ascending to descending.
We hurry to note the shorts has large amount for a long time, and this tells us about an unlikely decline, rather there will be a removal short positions holders in the stops.
We have a good support of 6600 from below, this range is very interesting for buying.
As a result, we are more inclined to take of prices upward, perhaps even momentum.
Thank you for your attention, subscribe, comment. Our team always is ready to discuss the trading situation!
Today analytics will be considered on Bitfinex example.
For several days in a row, the price goes between two important levels of 6600 and 6800. Yesterday’s expiration of futures had not surprised us, there was no “helicopter”, as we wrote in the last analysis.
From the main: on the 4H time frame there are two variants of the patterns that have been formed. The first is a bull pennant , that is, continued growth after consolidation above its upper boundary, and the second is a descending triangle , which leads to a change in trend, in our case from locally ascending to descending.
We hurry to note the shorts has large amount for a long time, and this tells us about an unlikely decline, rather there will be a removal short positions holders in the stops.
We have a good support of 6600 from below, this range is very interesting for buying.
As a result, we are more inclined to take of prices upward, perhaps even momentum.
Thank you for your attention, subscribe, comment. Our team always is ready to discuss the trading situation!