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Price broke the first Horizontal Resistance on 7.800$ and took off. Currently we are testing the 8.300$ Horizontal Resistance Zone (previously served as a support for H&S).
In case there is a confirmed breakout we can initiate a long position.
Rejection can lead us to the lower Horizontal Support zone. In this case we will wait the confirmed retracement of the Horizontal Support and can initiate a long position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price broke the first Horizontal Resistance on 7.800$ and took off. Currently we are testing the 8.300$ Horizontal Resistance Zone (previously served as a support for H&S).
In case there is a confirmed breakout we can initiate a long position.
Rejection can lead us to the lower Horizontal Support zone. In this case we will wait the confirmed retracement of the Horizontal Support and can initiate a long position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.