Looking at the weekly timeframe chart, we can observe the price reactions to the gray area. The gray area could act as a strong support zone. Therefore, I will place my stop-loss below the gray area. Historically, the price has unsuccessfully tested the resistance at 0.0093. However, considering the strong trend and the powerful first leg, there is a possibility...
After the breakout of the specified area upwards and its consolidation, one can take action to buy with a stop loss at the support area floor. Entry price : 2.1 to 1.9 Tp1 : 2.92 Tp2 :4.218 Tp3: 5.55 Tp4: 7.17
Support zone can hold price (Purple Zone) . After breakout Gray zone at 5MIN and pullback that. Suitable for Long position entry price : 79.3 Tp : 84.7 Sl : 76.17 Risk/Reward Ratio:1.73
I see the overall market condition as bullish and I am looking for a suitable position for a long position in any correction. In this chart, after several peaks and valleys, the downtrend has reversed and we are gradually seeing higher valleys and peaks. Therefore, I see the conditions as favorable for a long position. Entry : 0.16758 Tp :0.19 Sl : 0.154
The price is currently in a descending channel, approaching the grey area. Simultaneously, as it nears the orange dashed line at 0.72, there is a support line divergence in the RSI. The upper boundary of the descending channel and the blue area have historically provided strong support, holding multiple times. However, now they have turned into local resistance....
After bitcoin failed to break the 42000$ price market after continuing its record-breaking run, it faced a correction to the 30420 $ price level. Then again, with a price increase of up to 36000$ , it faces Moving Average 50 and 0.618 Fibo resistances and is forming a shoulder and peak pattern. If this pattern is completed, there is a possibility that the price...
After breaking the resistance line at .029 TP 1 : .03535 TP 2 : .039 SL : .02702