The potential reversal point could be the shaded area; it is beneficial to follow linear scenarios. Taking positions without seeing a trend break or a major support/resistance level (msb) is risky. $120-$130 range can be set as an alert.
It is useful to look at it together with #ETH & #BTC.
The potential reversal point could be the shaded area; it is beneficial to follow linear scenarios. Taking positions without seeing a trend break or a major support/resistance level (msb) is risky. $120-$130 range can be set as an alert.
It is useful to look at it together with #ETH & #BTC.
It has reached an important area; if a breakout occurs, one can enter on the retest. If no breakout happens, pullbacks will become sharper. Let's be careful and keep an eye on it.
We can at least expect the green area to react. If it comes back to the lower red lines and gives a confirmation/reversal, we can be more eager to buy.
It is also beneficial to follow along with $BTC.D and #BTC.
I am leaving a chart where we will focus more on buying rather than selling. It is beneficial to focus on the green lines, please set alarms. After the confirmation of the reversal, the most logical thing is to chase gradual purchases.
I believe we have reached the areas where the green lines will finally react/turn. After confirmation, trades can be pursued. Instead of taking action in a small time frame, it would be more secure to wait for confirmation on the daily.
I expect the red dashed line to act as resistance. In a potential bullish scenario, profit-taking could be done from that area, or a short position could be approved. For a retest situation, levels around $0.28 could be nice.
The effective use of the gray area will be important. It can move sideways, which could be somewhat beneficial for us. If a deep correction comes, it will be easier to find entry points into the game
An alternative scenario on the $BTC side is continuing actively like this. Keep in mind not to forget to adjust your risk. It could be a correction movement spread over time
The trend should continue to be followed. The importance of the gray areas is high. The upper blue box will be the recent ultimate target. Actions can be taken according to the trend break.
We can expect the gray area to continue its rise after establishing support underneath/above itself. During this process, it needs to quickly gain volume without going sideways. One of our eyes must be on the volume