Greetings,
The price is moving in a downward channel (logarithmic chart), the price is at its lower boundary. Right now the price is squeezed between $3 and $4.
If the $3 zone is held and the general background of the cryptocurrency industry is positive (bitcoin price), there is a probability that the price will return to the channel resistance in the area of $8-10. With negative developments for the crypto market, the channel is likely to break down with targets of 0.75-1. Repeating the movement of bitcoin during the last month.
short - price consolidation below $3
long - price consolidation above $4.
trading in the range of $3-$4.
If you liked this material, please like it and subscribe, so as not to miss anything.
Always use STOP, and do not use trading leverage greater than x3.
A trader must always have tomorrow.
The price is moving in a downward channel (logarithmic chart), the price is at its lower boundary. Right now the price is squeezed between $3 and $4.
If the $3 zone is held and the general background of the cryptocurrency industry is positive (bitcoin price), there is a probability that the price will return to the channel resistance in the area of $8-10. With negative developments for the crypto market, the channel is likely to break down with targets of 0.75-1. Repeating the movement of bitcoin during the last month.
short - price consolidation below $3
long - price consolidation above $4.
trading in the range of $3-$4.
If you liked this material, please like it and subscribe, so as not to miss anything.
Always use STOP, and do not use trading leverage greater than x3.
A trader must always have tomorrow.
