Salt about to rise till Double-Top?
Hey cryptomaniacs,
what I see is a good opportunity if this scenario continues the way I expect it if this is going to be traded as the "schoolbook" of Chartpatterns explains.
We had a strong momentum and were about to build a double-top in the daily-chart and hit that ATH soon.
That didn`t work out but still shows the market is ready to climb due the declining volumen since we`ve decided to consolidate and create this beautiful Wedge-Pattern.
Support and resistance of this pattern got confirmed by "Fakeouts" and Buy&Sell-orders. The declining volume shows that the market "takes the chips off the table" to wait for a breakout and retracement to find a nice buy-opportunity.
Important:
The DAILY-CHART shows an UP-Trend including 5 Waves and headed to the consolidation Wave-Pattern A/B/C. After that we`ve decided to continue the trend and just builded the second wave (correction) which has stopped at a very important support zone (50% retracement). I don`t know how to add a second picture with the daily-chart. It shows that this breakout could create a longterm LONG-Move and this UP-Trend to break ATH if we don`t build that double-TOP.
The journey could end at the top of the last momentum if that third wave (Breakout) end at the same level of wave 1.
Let`s see what happens.. :-)
Peace and nice trades everyone
what I see is a good opportunity if this scenario continues the way I expect it if this is going to be traded as the "schoolbook" of Chartpatterns explains.
We had a strong momentum and were about to build a double-top in the daily-chart and hit that ATH soon.
That didn`t work out but still shows the market is ready to climb due the declining volumen since we`ve decided to consolidate and create this beautiful Wedge-Pattern.
Support and resistance of this pattern got confirmed by "Fakeouts" and Buy&Sell-orders. The declining volume shows that the market "takes the chips off the table" to wait for a breakout and retracement to find a nice buy-opportunity.
Important:
The DAILY-CHART shows an UP-Trend including 5 Waves and headed to the consolidation Wave-Pattern A/B/C. After that we`ve decided to continue the trend and just builded the second wave (correction) which has stopped at a very important support zone (50% retracement). I don`t know how to add a second picture with the daily-chart. It shows that this breakout could create a longterm LONG-Move and this UP-Trend to break ATH if we don`t build that double-TOP.
The journey could end at the top of the last momentum if that third wave (Breakout) end at the same level of wave 1.
Let`s see what happens.. :-)
Peace and nice trades everyone
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.