AhmedMortaja

AhmedMortaja

If the price follows the same price behavior pattern inside the rising wedge, the next target will be around 3.66

AhmedMortaja Updated 

I think that the price is preparing for a downside trend for the following technical reasons 1 monthly resistance 2 bearish divergence on weekly chart 3 bearish divergence on daily chart 4 The rising wedge pattern

AhmedMortaja

I don't think the price will go above the monthly resistance level

AhmedMortaja

The price retested the broken rising wedge and was unable to continue the bullish trend. I expect the price to retest the support areas at 3.54 levels If this level is broken, a head and shoulders pattern will be formed, which will make the price continue to fall to retest 3.36 levels as a target for the pattern.

AhmedMortaja

The price is trading inside the ascending channel and fell from its upper boundary If the price continues to trade in the same way, we will target the lower border of the channel

AhmedMortaja

The price has reached the upper boundary of the channel, we are waiting for the lower boundary to be touched

AhmedMortaja

Comparison between the bullish channel of the chart and the bearish channel of the MACD indicator

AhmedMortaja

Bearish Divergence will lead the price to a downside wave

AhmedMortaja

Resistance must have an effect . I think we are on the verge of a correction as a natural result of the weekly resistance

AhmedMortaja

Will the price bounce off the weekly resistance? As it happened with the daily resistance

AhmedMortaja

will history repeat itself and will see another wave touching the down trend line ?

AhmedMortaja Updated 

usdils

AhmedMortaja

btc

AhmedMortaja

..

AhmedMortaja Updated 

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AhmedMortaja

hidden divergence

AhmedMortaja

Depending on the waves I think we have finished or we are near the end of the second wave

AhmedMortaja

Support + bullish divergence