TECHNICAL ANALYSIS:
-The price is actually following a clear ASCENDING CHANNEL, a few days ago a strong VOLATILITY makes the market still move up.
-Once the market reached the resistance of the channel at 0.7576, it started moving in a side trend, keeping this quite movement for about one week.
-The resistance rejected one more time the price and it started going down. It could probably be the end of this short consolidation and the price will probably break the support soon!
CONCLUSION:
In my previous post I explained the reasons I think the Market will go SHORT in a Daily Time Frame, I'll take position once the price will break and retest the support at about 0.7522
if you agree with my point of view, just let me know, leave a like and comment sharing your idea! hopefully it will be helpful for everybody!
trade safe.
Gianni
-The price is actually following a clear ASCENDING CHANNEL, a few days ago a strong VOLATILITY makes the market still move up.
-Once the market reached the resistance of the channel at 0.7576, it started moving in a side trend, keeping this quite movement for about one week.
-The resistance rejected one more time the price and it started going down. It could probably be the end of this short consolidation and the price will probably break the support soon!
CONCLUSION:
In my previous post I explained the reasons I think the Market will go SHORT in a Daily Time Frame, I'll take position once the price will break and retest the support at about 0.7522
if you agree with my point of view, just let me know, leave a like and comment sharing your idea! hopefully it will be helpful for everybody!
trade safe.
Gianni