Coinbase - small bounce before the dump (1h timeframe trade)

The price moves in the channel .
At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago:

Conservative target was already reached.

You can long it now or short it at the resistance.
Targets are shown on the chart

Good luck

Yorum:

Double bottom failed but The downsloping support still holds

İşlem kapandı: hedefe ulaştı:

Downsloping support held well and we saw a bounce towards the resistance. The target reached successfully! Congratulations!

Yorum:

Update for bears here: