Hello dear crypto friends, hope you had a good start into the week guys! ;)
First of all, let's have a look at our last trading plan & how it played out:
=> The setup perfectly played out, reaching the target, giving at least the promised 5% profit.
What is going on now?
Currently we have a nice Hourly downward channel, which will sooner or later see a bullish breakout ( the likely scenario), or a bearish downtrend continuation inside the channel.
Should we break-out of the channel, our target would be at around $10.7k and $11,3k. previous S&R zones, giving 5-10% profit.
Should we continue the bearish down move, we would have the important $9.5-9k S&R zone, where we definitely would expect the bulls to show some reaction at the latest:
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
First of all, let's have a look at our last trading plan & how it played out:
=> The setup perfectly played out, reaching the target, giving at least the promised 5% profit.
What is going on now?
Currently we have a nice Hourly downward channel, which will sooner or later see a bullish breakout ( the likely scenario), or a bearish downtrend continuation inside the channel.
Should we break-out of the channel, our target would be at around $10.7k and $11,3k. previous S&R zones, giving 5-10% profit.
Should we continue the bearish down move, we would have the important $9.5-9k S&R zone, where we definitely would expect the bulls to show some reaction at the latest:
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
