Coinbase - small bounce before the dump (1h timeframe trade)
The price moves in the channel .
At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago:
Conservative target was already reached.
You can long it now or short it at the resistance.
Targets are shown on the chart
Good luck
At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago:
Conservative target was already reached.
You can long it now or short it at the resistance.
Targets are shown on the chart
Good luck
Comentário:
Double bottom failed but The downsloping support still holds
Trade fechado: objetivo atingido:
Downsloping support held well and we saw a bounce towards the resistance. The target reached successfully! Congratulations!
Comentário:
Update for bears here:
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