Tracking two alternative scenarios for the coming weeks.
But as long as price remains below the November highs, the preferred expectation is for one more leg down to re-test the November lows, and ideally a deeper move toward the 64 support zone.
If price manages to break out above the November highs, I would still prefer to see additional consolidation and a proper handle formation to complete the base before considering the move a more sustainable breakout.
Chart:
https://www.tradingview.com/x/TsNDpMQR/
But as long as price remains below the November highs, the preferred expectation is for one more leg down to re-test the November lows, and ideally a deeper move toward the 64 support zone.
If price manages to break out above the November highs, I would still prefer to see additional consolidation and a proper handle formation to complete the base before considering the move a more sustainable breakout.
Chart:
https://www.tradingview.com/x/TsNDpMQR/
📊 Daily FREE Market Insights | Crypto + US Stocks
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
📊 Daily FREE Market Insights | Crypto + US Stocks
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.