JUST AN IDEA OF MINES.
SO PRICE IS CURRENTLY AT A GOOD MONTHLY AND WEEKLY ZONE OF SUPPORT(26.580).
A WEEKLY BULL FLAG WAS FORMED AND BROKEN RECENTLY SHOWING TREND CONTINUATION.
ON THE 4H THERE IS A POSSIBLE FORMATION OF A DOUBLE BOTTOM WITH NECKLINE AT 27.030.
27.305 WAS A ZONE THAT WAS BROKEN AND I AM AWAITING A RETEST.(SUPPORT AND RESISTANCE).THIS WILL BE MY TP1'
IF PRICE BREAKS THROUGH THE 27.485 AREA AND CLOSES ABOVE THIS PRICE THEN MY TP2 WILL BE AT 28.239.
ON TH 30 MIN TF A DOWNWARD WEDGE WAS FORMED AND BROKEN.
I WILL GO LONG FROM HERE WITH A TARGET VIEW OF 29.790 WHICH IS A ZONE OF RESISTANCE WHICH I THINK PRICE WILL TRY AND TEST ONCE MORE.
PLEASE LIKE AND REPLY IF YOU LIKE MY IDEA.
ALSO DO SHARE YOUR THOUGHTS.
SO PRICE IS CURRENTLY AT A GOOD MONTHLY AND WEEKLY ZONE OF SUPPORT(26.580).
A WEEKLY BULL FLAG WAS FORMED AND BROKEN RECENTLY SHOWING TREND CONTINUATION.
ON THE 4H THERE IS A POSSIBLE FORMATION OF A DOUBLE BOTTOM WITH NECKLINE AT 27.030.
27.305 WAS A ZONE THAT WAS BROKEN AND I AM AWAITING A RETEST.(SUPPORT AND RESISTANCE).THIS WILL BE MY TP1'
IF PRICE BREAKS THROUGH THE 27.485 AREA AND CLOSES ABOVE THIS PRICE THEN MY TP2 WILL BE AT 28.239.
ON TH 30 MIN TF A DOWNWARD WEDGE WAS FORMED AND BROKEN.
I WILL GO LONG FROM HERE WITH A TARGET VIEW OF 29.790 WHICH IS A ZONE OF RESISTANCE WHICH I THINK PRICE WILL TRY AND TEST ONCE MORE.
PLEASE LIKE AND REPLY IF YOU LIKE MY IDEA.
ALSO DO SHARE YOUR THOUGHTS.