AVAX/USDT -Bearish CYPHER- a possible short term SHORT scenario!
Possible bearish Cypher pattern and short term bearish scenario on 4H chart.
I think we have a significant chance, to fall back from Cyphers D-point around 36,66 usdt back into the simmetrical triangle, till around 22,5 (A point).
My stoploss would be at 40,76, where the pattern would be invalidated, and the price probably go further to the 50,5 in my opinion.
If price reach that SHORT TP as expected, there might be an opportunity to open some Long positions as well.
I'm looking forward to seeing, in fact what will happen.
(Overall, I'm bullish on long term.)
Good luck!
All feedbacks are appreciated!
I think we have a significant chance, to fall back from Cyphers D-point around 36,66 usdt back into the simmetrical triangle, till around 22,5 (A point).
My stoploss would be at 40,76, where the pattern would be invalidated, and the price probably go further to the 50,5 in my opinion.
If price reach that SHORT TP as expected, there might be an opportunity to open some Long positions as well.
I'm looking forward to seeing, in fact what will happen.
(Overall, I'm bullish on long term.)
Good luck!
All feedbacks are appreciated!
Trade closed: stop reached