Possible that we are seeing a "W" formation, aka., "Gartley", and or "Butterfly"
This isn't confirmed yet, and we want 'to see some closes above the $7 mark to even confirm this.
However, if this plays out as the pattern mentioned, then we will search a bearish momentum over take the coin.
That means, usually upon the exit of this pattern, the price goes down. I've highlighted a potential support box for when that time comes.
Until then, we are still expecting a rise higher up hopefully. The second bounce as mentioned in the previous ideas and this chart wasn't the strongest bounce up, so the strength right now is weak, and it may possible just continue sideways.
Previous chart:
This isn't confirmed yet, and we want 'to see some closes above the $7 mark to even confirm this.
However, if this plays out as the pattern mentioned, then we will search a bearish momentum over take the coin.
That means, usually upon the exit of this pattern, the price goes down. I've highlighted a potential support box for when that time comes.
Until then, we are still expecting a rise higher up hopefully. The second bounce as mentioned in the previous ideas and this chart wasn't the strongest bounce up, so the strength right now is weak, and it may possible just continue sideways.
Previous chart:
Not
Target one hit.Downwards movement coming to $6.2
Not
Support zone hit Way earlier than expected
Not
We are now bullish long term.Not
cup and handle very bullish if it breaks the top of the cup line
İlgili yayınlar
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.
İlgili yayınlar
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.