Hello traders, Red Pulse Phoenix Binance / Bitcoin is in a bullish configuration in a descending triangle with a signal of increasingly low and a decline in the volume traded in this compression. RSI is above 50.00 it has come to test support and is in an underbought area so we should have to make a move with upside potential. And a MACD heading towards zero it is quite possible that the triangle is used as support on the false signal at (D) to make a retracement. Before going to check the resistance office to have a better entry after the waves of ELLIOTT if the market demand does not change.
Confirmation of a new smart money return on the next resistance for after moving to the next lower leg to return to more dynamic price. See price behavior react to this area of resistance by maximizing your profits under this pressure in order to decrease risk and reduce exposure to short term long term positions in this interest. After that, check the future market sentiment for this third quarter by counting the return of volatility. All of this is available for free, please give me a hand if you like this job.
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