BCHUSDT - Pull back to broken lines
The ascent was powerful but now Pivot formed on the roof of channel.
The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline.
Signal line of CSRS turned to red that is a bearish sign.
In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation.
I think pullback to the broken line is the ultimate goal, not the midfield.
In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.
*During the time I was thinking and writing the price dropped as 2$ :|
The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline.
Signal line of CSRS turned to red that is a bearish sign.
In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation.
I think pullback to the broken line is the ultimate goal, not the midfield.
In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.
*During the time I was thinking and writing the price dropped as 2$ :|
İşlem aktif
I think we will have another downward movementİşlem kapandı: hedefe ulaştı
After hitting our target, it goes upİşlem aktif
Its crossed over from resistance price entered to a new uptrend
İşlem elle kapatılmış
Volume decreased and a divergence detected in lower frames.I think we will see another pullback to latest resistance which broken.
Not
I will continue the analysis in another new idea..so this will not update anymoregood luck
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.